Telecoms news from Namibia
The affirmation and resolution of the RWN reflects Fitch's view that timely state support was forthcoming from the parent as TN faced a liquidity cliff in August 2015 as the bonds matured. ...more.
The telecoms regulators of four Southern African countries have announced plans to reduce the roaming charges permitted by their mobile networks. ...more.
Fitch Ratings has placed Telecom Namibia's long-termdebt ratings (IDR) on Rating Watch Negative (RWN). ...more.
Fitch said that the downgrade reflects its view that state support for TN has weakened. TN's standalone credit profile has deteriorated with no significant evidence of government support. ...more.
An international study led by the University of Southampton and the National Vector-borne Diseases Control Programme (NVDCP) in Namibia has used mobile phone data to help combat malaria more effectively. ...more.
Telecom Namibia says that it has switched on its LTE service and is now taking orders via its website. ...more.
The Namibian mobile network operator, Leo has adopted the brandname of its landline operator parent, Telecom Namibia and is to be known as TM Mobile. ...more.
The Negative Outlook signals Fitch's concern that the standalone credit profile is weakening and if this decline is severe, without early indications of support from the government, it may result in a multi-notch widening, ...more.
Telecom Namibia says that it has awarded a US$46 million contract to ZTE to build a unified mobile network that will provide it's mobile subsidiary, Leo with a transformed 2G/3G/4G networks. ...more.
The Negative Outlook reflects the potential for a weakening in the previous strong support and strategic linkage between the Namibian sovereign and Telecom Namibia as the latter entity seeks to establish itself as an integrated fixed and mobile service operator over the next two years. ...more.
Namibia based MTC has switched on its LTE network upgrade, offering coverage in the capital city, Windhoek. ...more.
State owned telco, Telecom Namibia has bought its mobile network rival, Leo for an undisclosed amount and will fold the company into its own mobile services. ...more.
Telecom Namibia's ratings are supported by the strong strategic and operational ties with its sole shareholder the Namibian government. Fitch expects a continuation of government support and notes that the entity's standalone ratings would be below the current support driven rating level. ...more.
Jacob "Kobi" Alexander, the former chairman and CEO of voicemail software maker Comverse Technology who fled to Namibia in 2006 to avoid prosecution over stock option backdating, has agreed to pay nearly $54 million to settle a civil action by the U.S. Attorney's office. ...more.
The rating affirmation reflects Fitch's continuing expectation of ongoing government support based on the company's strategic importance to the Namibian telecoms sector, given its extensive fibre network infrastructure in the domestic market. ...more.
The mobile communications markets of Botswana, Namibia, Zambia and Zimbabwe have all experienced subscriber growth over ten percent in the last five years. This has created a powerful network effect, which continues to drive market growth, albeit at lower levels. ...more.
Namibia based mobile network operator, Leo (previously, Cell One) has awarded a contract to Nokia Siemens Networks to expand its pre-paid capability and to extend 2G and 3G network coverage to reach the majority of the country's population. ...more.
The ratings also factor in the company's strong operational and strategic ties with the Namibian government, given its 100% state ownership, and the assumed government support for the company. ...more.
Telecel Globe, a subsidiary of Orascom Telecom has acquired the Namibia based mobile network operator, Cell One for approximately US$59 million in cash, ...more.
Namibia's three mobile operators have agreed to dump their ongoing dispute about interconnection fees onto the telecoms regulator, the NCC and let it sort out the mess. ...more.