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China to pilot “5G+Industrial Internet” first in auto manufacturing, electronic information

China to pilot “5G+Industrial Internet” first in auto manufacturing, electronic information

Beijing — China is expected to pilot the “5G + Industrial Internet” first in fields such as automobile manufacturing and electronic information, the Xinhua-run Economic Information Daily quoted industry insiders as saying on 21 October .

Relevant departments will strengthen policy guidance, accelerate the transformation and upgrading of industrial Internet networks, and increase support in pilot demonstrations and cultivation of solution providers to create good environment for development of the “5G + Industrial Internet”. As a matter of fact, in 2017, State Council, China’s cabinet, issued a guideline to develop the industrial Internet by Internet + advanced manufacturing industry.

Subsequently, a series of policy documents such as an action plan for the industrial Internet development were rolled out.

Some analysts said that the industrial Internet will become the main area for the 5G commercial use. The new industrial Internet products, new models and new formats based on 5G technology will significantly reduce operating costs, improve production efficiency, and optimize manufacturing resource allocation.

However, there are some challenges for the integration of 5G and industrial Internet, such as insufficient cross-industry integration, fragmentation of industrial application
scenarios, and unclear business models, according to Xu Xiaolan, head of the China
Industrial Internet Research Institute.

It is learned that at present, more than 20 provinces, regions and municipalities have unveiled their policies for the industrial Internet development. For example, Shenzhen in south China’s Guangdong Province has recently launched the collection of the pilot “5G + Industrial Internet” applications.

It will also organize basic communication operators, equipment vendors and system integration solution providers to support the construction of pilot projects. Meanwhile, Liaoning Province in northeast China has made it clear to build China-Germany Equipment Manufacturing. (Belt & Road Weekly Vol.4 No.40).


 

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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.