Minister urges completion of delayed plan to scrap telecoms holding company

11 May 2015

Namibia’s Minister of Information & Communication Technology (ICT) Tjekero Tweya on Thursday urged the board of state-owned Namibia Post & Telecommunication Holdings (NPTH) to fast track the delayed implementation of a Cabinet decision to dismantle the company, StarAfrica reports, some ten months after the government resolved to dissolve NPTH and redistribute its properties and liabilities in July 2014. As reported by TeleGeography’s CommsUpdate, the then-ICT minister Joel Kaapanda publicly confirmed on 1 October that the government had finalised the decision to sever the state ownership links between incumbent telco/mobile operator Telecom Namibia and dominant cellco Mobile Telecommunications (MTC), via the dissolution of the two companies’ mutual shareholder NPTH. The 66% stake in MTC currently held by NPTH will be transferred to the Ministry of ICT, while MTC must buy back its headquarters from NPTH. NPTH also holds the government’s stake in Namibia Post. Minister Tweya was quoted as directing the board members to ‘unbundle the NPTH professionally and peacefully without endangering the company’s activities. Do not wait for two years, do it as fast as you can. Bathe the baby and throw away the dirty water, but do not throw away the baby with the dirty water.’

Namibia, Mobile Telecommunications (MTC), Telecom Namibia (incl. TN Mobile)