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

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