Telecom Namibia boosts network spending

3 May 2006

Telecom Namibia plans to invest NAD240 million (USD40 million) this year in modernising its infrastructure and boosting connectivity to rural areas, managing director Frans Ndoroma announced this week. Ndoroma said Telecom Namibia is planning the network improvements ahead of the expected passing of a new Telecommunications Bill to open up the fixed line market to competition later this year. Telecom Namibia is also diversifying into other regional markets to mitigate the expected negative effects on its revenue in a small domestic competitive market. In Angola it acquired 44% of fixed line operator MundoStartel two years ago, and it is part of the CommuniTel consortium that holds a 13% stake in South Africa’s second national operator (SNO).

Namibia, Telecom Namibia (incl. TN Mobile)