CRAN approves MTC state acquisition

13 Mar 2018

The Communications Regulatory Authority of Namibia (CRAN) has granted approval for state-owned Namibia Post and Telecommunications Holdings (NPTH) to increase its ownership of Mobile Telecommunications (MTC) to 100%, reports The Namibian. MTC is currently 66%-owned by NPTH and 34%-owned by Luxembourg-based Samba Luxco and as previously reported by TeleGeography’s CommsUpdate in November 2017, CRAN initially blocked the government’s proposed MTC buyout plan due to concerns over limiting market competition. CRAN reportedly approved the deal subject to certain conditions, including that a 20% stake be transferred to the Government Institutions Pensions Fund (GIPF) and that 29% of MTC shares should be sold to private and/or local investors on the Namibian Stock Exchange.

Namibia, Communications Regulatory Authority of Namibia (CRAN), Mobile Telecommunications (MTC)