0
Mobile & Wireless

Namibia Telecom-Leo merger gains conditional approval

Friday 4 May 2012 | 12:53 CET | News
The Namibia Competition Commission (NaCC) has given conditional approval to the merger of Telecom Namibia with Powercom, which trades as Leo, the Economist reported. One of the conditions states that separate and independent shareholding structures should be put in place for Telecom Namibia Ltd and MTC. State-owned Namibia Post and Telecommunications Holdings (NPTH) currently holds all the shares in Telecom Namibia and 66 percent of the shares in MTC. This separation of the holding structure must be effected within two years of the date of the notice determination. Another condition is that in the two-year period, no-one who is a director of Telecom Namibia or an employee of Telecom Namibia may serve as a director of either NPTH or MTC. Likewise, no-one who is a director of MTC or any employee of MTC may serve as a director of either NPTH or Telecom Namibia. This meant that current NPTH CEO Frans Ndoroma, who is also managing director of Telecom Namibia, and Patience Kangueehi-Kanalelo, who is company secretary at NPTH and head of legal services at Telecom Namibia, are to resign from their respective positions at NPTH with immediate effect. NaCC CEO and secretary to the commission, Mihe Gaomab II, said the conditions aim to prevent any collusive or coordinated behaviour that would undermine free competition among all entities in that sector. Powercom is the second licensed mobile company in Namibia and is a partnership with NamPower and Telenor of Norway.

Categories: Fixed / Mobile & Wireless
Companies: Leo / MTC / Telecom Namibia / Telenor
Countries: Namibia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






-2%
Mobile service revenues decrease 2% annually
Germany  |  2014 Q2

Calendar   /   Industry Events

03 Nov TelecityGroup Q2 FY2014/15
03 Nov Earthlink Q3 2014
03 Nov Ruckus Wireless Q3 2014
03 Nov DSP Group Q3 2014
03 Nov Sprint Q3 2014
03 Nov Redline Communications Q3 2014
03 Nov Crexendo Q3 2014
03 Nov AIS Q3 2014
03 Nov RAN World
03 Nov MVNO Networking Congress
04 Nov Frontier Communications Q3 2014
04 Nov Com Hem Q3 2014
04 Nov Softbank fiscal Q2
04 Nov DISH Network Q3 2014
04 Nov Motorola Solutions Q3 2014
04 Nov IP Packet Optical Convergence
04 Nov CEM World Congress
04 Nov TV Connect MENA
05 Nov Qualcomm fiscal Q4
05 Nov Sky Deutschland fiscal Q1
05 Nov CenturyLink Q3 2014
05 Nov Sierra Wireless Q3 2014
05 Nov Vonage Q3 2014
05 Nov Symantec fiscal Q2
05 Nov Interxion Q3 2014
05 Nov Cognizant Q3 2014
05 Nov AVG Technologies Q3 2014
05 Nov Level 3 Q3 2014
05 Nov Fairpoint Communications Q3 2014
05 Nov Ixia Q3 2014
::: More Calendar Items