More Africa NewsNamibia: MTC commissions five new sites in Ohangwena
October 10, 2022by myles0
Namibia's market-leading cellco Mobile Telecommunications (MTC) has commissioned five new sites in the Ohangwena region to improve network coverage, New Era reports. The new 3G sites, which were activated in early September, are at Omhedi, Omahayi, Okatope ka Melila, Ondobe Yomunghudi and Oshiti sha Haihonya. MTC executive Tim Ekandjo noted the deployment forms part of the...
More Africa NewsNamibia: CRAN, MTC end ten-year levy dispute
June 21, 2022by myles0
Namibia's market-leading cellco Mobile Telecommunications (MTC) has reached a settlement agreement with the Communications Regulatory Authority of Namibia (CRAN), ending a ten-year dispute over the legality of regulatory levies for the period 31 March 2016 to 11 June 2018. MTC's recently released interim financial statement noted that, following a High Court ruling on the licence...
More Africa NewsNamibia: MTC urges govt to end 5G moratorium; enters agreement with Huawei, NUST
Namibia's market-leading cellco Mobile Telecommunications (MTC) wants the country's existing moratorium on 5G network deployment to be lifted and is eyeing a digital transition towards fifth-generation technology with partners including Chinese equipment maker Huawei, reports The Namibian. With the operator having recently signed a cooperation agreement with Huawei and Namibia University of Science and Technology...
More Africa NewsMTC lists on the Namibian Stock Exchange
November 23, 2021by myles0
Premier digital enabler, MTC, on Friday at an initial public offering (IPO) Ring a Bell ceremony, officially started its new life, as a fully listed Namibian wholly-owned public listed company on the Namibia Stock Exchange (NSX). The listing, which is the largest by a local company and the first by a state-owned company saw MTC...
More Africa NewsNamibia: shares of state-owned telecom operator MTC are officially on sale at $ 0.57 each
September 23, 2021by myles0
Delayed for more than a year because of the global pandemic, the IPO of the incumbent telecommunications operator is finally on track. The Namibian government places high hopes in this operation to inject dynamism into national growth. Shares of Namibia's state-owned telecoms operator, Mobile Telecommunications Limited (MTC), officially went on sale Monday, September 20, on the...
More Africa NewsNamibia's MTC to list in November
Namibia's largest telecommunications operator Mobile Telecommunications Company (MTC) says it will list on the local Stock Exchange (NSX) by the end of November. The company said it will make available 367.5 million shares to the general public and would release its prospectus on 20 September 2021 detailing the cost of the shares. According to MTC...
More Africa NewsNamibia: MTC splits share capital ahead of listing
September 8, 2021by myles0
Mobile Telecommunications (MTC), Namibia's largest mobile network operator (MNO) by subscribers, has split its shares in a 1:30 ratio ahead of its upcoming listing on the Namibian Stock Exchange (NSX), reports The Namibian. The decision to increase the company's share capital from an initial 25 million shares to 750 million was revealed by the company's CFO Thinus...
More Africa NewsNamibia: MTC receives approval to list 49% of ordinary shares
August 24, 2021by myles0
Mobile Telecommunications (MTC), Namibia's largest mobile network operator (MNO) by subscribers, has announced that its application for a primary listing on the main board of the Namibian Stock Exchange (NSX) has been approved. In a statement issued on 20 August, MTC confirmed 49% of the ordinary shares in the company will be made available to the general...
More Africa NewsNamibia: MTC Awaits SIM Cards Legislation
April 22, 2021by myles0
Mobile Telecommunications Limited (MTC) has started with the process of registering subscriber identification module (SIM) cards in Namibia. However, the going is tough as MTC finds it difficult to finalise the process, as no legislative mandate yet exists to empower them to smoothly deal with the process. MTC MD Licky Erastus shared this information during...
More Africa NewsNamibia: MTC wants to open its capital on the local stock exchange by October
February 3, 2021by myles0
Namibia is seeing growth in the telecoms sector and the government wants local investors to benefit. Precautions have been taken for this. Last week, during the presentation of the 2019/2020 financial results of the Mobile Telecommunications Company (MTC), the Namibian Minister of Public Enterprises, Leon Jooste, confirmed the government's willingness to open the capital of the...