Telecom Namibia to stick with Neotel

Telecom Namibia will retain its 12.3% stake in Neotel, South Africa’s second national operator, despite the lack of return on its US$50.5m (NAD429 million) investment.

The Namibian.com.na has quoted Oiva Angula, Telecom’s senior manager for corporate communications, who stated that such an investment takes a long time to bring in dividends, whilst also pointing out that expanding the network, building infrastructure and gaining customers is a time-consuming venture.

Please log in to view the full article

FREE 

TMT Finance News

Subscribe

TMT Finance & Investment East Africa Conference 2013

TMT Finance & Investment Asia 2014