NamPost, Telecom unbundling imminent
04 April 2019 | Business
The follows a 2014 cabinet decision to do away with the holding company.
The decision followed Telecom Namibia's acquisition of mobile operator Leo, which subsequently became TN Mobile.
That deal gave Telecom a near monopoly in the mobile telephony sector, and the Namibia Competition Commission instructed that the ownership structure of MTC and Telecom be separate and independent.
Consequently, cabinet resolved to dissolve NPTH and redistribute its properties and liabilities.
The then information and communication technology minister, Tjekero Tweya, appointed a five-member board in 2015 to spearhead that process.
The board, which was led by the current deputy executive director in the ministry of finance, Ally Angula, was asked to dismantle the holding company over the period 2015 to 2017.
According to Ua-Ndjarakana, the drafting of the necessary legal amendments is at an advanced stage.
“Preparations for the dismantling of NPTH are under way. The amendments of the NPTH Act to provide for the dismantling of NPTH are at an advanced stage. The amendments will be tabled in parliament soon,” Ua-Ndjarakana said recently.
According to an annual report for the period ended 30 September 2014, NPTH's assets were valued at about N$10 billion. NPTH also owns buildings that are used by Telecom Namibia and NamPost.
NPTH was registered in 1992 in terms of the Post and Telecommunications Companies Establishment Act.