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Paratus extends its coverage across Africa – Maputo link nears completion

Paratus extends its coverage across Africa – Maputo link nears completion

Telecoms operator, Paratus with operational offices in six African countries, became the first telecoms operator to bridge Africa from East to West.

The company has now implemented additional routes for redundancy and is in the process of an aggressive rollout plan, building even more routes across the region to ensure maximum uptime for clients using this route.

The company reported in August 2019 that it had finally completed a terrestrial East and West coast of Africa connection between the WACS undersea cable in Swakopmund, Namibia and Dar es Salaam, Tanzania. Paratus is the first Operator to bridge the African continent, linking the East and West coast of Africa (outside of South Africa).

Paratus Group COO Schalk Erasmus says the route extends 4160 kilometres and is fully operational under one single Autonomous System Number (ASN) and boasts a Round Trip Time (RTT) of 62ms.

“Connecting land-locked countries, that do not have access to undersea cable systems, with much-needed capacity is critical to ensure that we leverage the infrastructure investment we have made across the African region,” he explained.

Paratus is currently in the process to complete the Maputo link, which will not only connect into the Trans-Kalahari Fiber (TKF) route which already extends through various countries in SADC, but will also be the second East to West Coast route completed by the operator after completion of the initial route from Dar es Salaam, reported in August.

“Africa is a continent with countless opportunities, and we believe that we need to harness this potential to see more growth across the continent. It is evident that investment in infrastructure does show growth in the economy and are inextricably linked,” he concluded.


 

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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.