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The heart of cattle country gets lightning speed internet courtesy of Paratus

The heart of cattle country gets lightning speed internet courtesy of Paratus

Telecommunications operator, Paratus this week said now offers its standard range of fiber packages to Gobabis businesses and residents.

Paratus recently completed a national fiber project, connecting from the WACS landing station in Swakopmund eastward to the border of Botswana and dropped off in various towns en route of which Gobabis was one.

Gobabis town council representative, Cllr Liberius Kalili, is proud to have Paratus come forward and address the requirement for our businesses and residents to move into the digital age with fiber-optic cable solutions.

“Gobabis can now look towards new opportunities provided by the Internet platform to grow the economy and we call upon entrepreneurs to support the investment made to elevate the town. This is a prime example of how mutual cooperation has benefits to both organisations,” he said.

Andrew Hall, Paratus Namibia managing director said it was a natural progression for Paratus to start connecting the towns en route of the first privately owned national backhaul fiber network through Namibia. “We will continue on our relentless drive to make investments towards elevating our citizens to gain access to fast and reliable Internet services.”

Paratus has already earmarked other towns en route to provide coverage utilising a range of access technology mediums ranging from fiber, fixed LTE, mobile LTE and microwave solutions. The telecoms provider also offers a range of satellite solutions for clients who are not in a coverage area.

“We would like to express our sincere appreciation to Kalili and the team in Gobabis who were very approachable to the idea of moving ahead with installing fiber infrastruture and their professional execution during the rollout of the first phase of fiber expansion in town,” said Hall.

“We are grateful for the wonderful reception of the residents and businesses and look forward to the success stories from the community,” he concluded.

Paratus’ standard range of fiber packages to Gobabis with capped and uncapped packages starting from N$620 for 100Mbps and N$785 for 10 Mbps respectively.


Caption: From left to right: John D’Alton (Paratus Group Marketing), Gerrit Pheiffer (Fiber Coordinator), Cllr Liberius Kalili (Gobabis Town Councellor), Andrew Hall (Paratus Namibia Managing Director).


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

Promotion

20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.