CRAN approves MTC shares sale to NPTH
March 15, 2018, 5:41pm
The Communications Regulatory Authority of Namibia (CRAN) has finally given approval for the sale of Mobile Telecommunications Limited’s (MTC) 34% shares to Namibia Post and Telecom Holdings (NPTH).
During June 2017, CRAN received an application to transfer the control of the Class Comprehensive Telecommunications Service License (ECNS/ECS) and all Spectrum Use licences issued to MTC from Samba Luxco S.a.r.l. (or its wholly owned subsidiary, Samba DutchCo. B.V) to Namibia Post and Telecom Holdings (NPTH).
“In line with section 35 of the Communications Act (No.8of2009), CRAN tested the transaction against the objects of the Act and found amongst others that it will result in a reduction in competition, private investment and also that it does not encourage local participation in the telecommunications market,” said the regulator’s chief executive officer Festus Mbandeka.
He said the transaction will also result in the 100% ownership and control of the two dominant licensees (Mobile Telecommunications Limited and Telecom Namibia) being held by the State via NPTH.
“Although the documentation submitted at the time indicated an intention for NPTH to further dispose the shares after acquisition, there was no sufficient information to support such an intention,” he said.