The Namibian

Algeria’ Djezzy GSM reports 2.6% growth in revenues to DZD36.7bn

 Algeria’s leading cellco Djezzy GSM has posted its financial results for the second quarter of 2013 ended 30 June, reporting 2.6% growth year-on-year in revenues to DZD36.7 billion (USD464.157 million) from DZD35.8 billion. The growth was attributed to higher voice revenues, following changes made to the marketing campaigns of existing offers. Djezzy’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased to DZD22.1 billion, a 2.5% improvement on the DZD21.5 billion reported in 2Q12.

Source: The Namibian

Algeria’ Djezzy GSM reports 2.6% growth in revenues to DZD36.7bn

Algeria’s leading cellco Djezzy GSM has posted its financial results for the second quarter of 2013 ended 30 June, reporting 2.6% growth year-on-year in revenues to DZD36.7 billion (USD464.157 million) from DZD35.8 billion. The growth was attributed to higher voice revenues, following changes made to the marketing campaigns of existing offers. Djezzy’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased to DZD22.1 billion, a 2.5% improvement on the DZD21.5 billion reported in 2Q12.

Source: The Namibian

At N$2, Leo Was a 'Handy Gift' for Telecom Namibia

Telecom Namibia, which acquired second biggest mobile operator, Leo in November last year, for a paltry N$2 says the deal was a "handy gift" ahead of its 20 years anniversary.

Speaking ahead of the ICT summit, which the company will host next week, Oiva Angula Senior Manager of Corporate Communications and Public Relations said in an interview the price was justifiable given Leo's poor financial state at that time.

Source: The Namibian

Namibia: Leo Calls China for Help

Telecom Namibia, the new owner of Leo, plans to invest more than N$400 million in an infrastructure network as part of its strategy to compete "heads-on" with MTC and secure between 35% and 40% of the local mobile telecommunications market.

The company awarded a US$46-million contract to China's ZTE Corporation, a leading telecommunications equipment and network solutions provider globally, Telecom Namibia managing director and Leo chairman Frans Ndoroma said last week.

Source: The Namibian

Namibia: MTC to have 45% roll-out of LTE by end 2013

NAMIBIAN mobile operator MTC intends to have a 45 percent rollout of its 4G mobile network by the end of 2013, says its CEO, Miguel Geraldes.

Geraldes said the rollout might be before the deadline the company has set itself.
MTC has a 'neutral licence', which means that it can converge its mobile technology with fixed-line services, and plans to extend its fibre-optic network to businesses first, and at a later stage to households.

Source: The Namibian

Namibia: NaCC sets conditions for Telecom/leo merger

The last major hurdle for Telecom Namibia to acquire the controlling shares in the country’s second mobile operator leo has been passed.

The Namibian Competition Commission on Friday approved the proposed merger between Telecom Namibia and Powercom which trades as leo – but the commission has placed a set of conditions in its approval.

Source: The Namibian

Namibia: Leo Goes to Court to Prevent Liquidation

The owners of Powercom and Leo last week turned to the High Court in a bid to save its merger with Telecom Namibia and stop the country's second mobile operator from being liquidated by month-end.

Powercom, owner of Leo, currently suffers losses of between N$2 million and N$5 million every month.

Source: The Namibian

Namibia: Wifi Hotspots Bring Convenience to City's Mobile Web Users

Africa Online, formerly MWeb Namibia, is rolling out WiFi hotspots in Windhoek, with more centres to follow. Marc Gregan, General Manager of AfricaOnline, said the massive increase in users of mobile devices and laptops led to the decision to expand the product.

"AfricaOnline WiFi hotspots are used in lodges and hotels across Namibia. We received requests to introduce the product to various centres in Namibia and we begun the roll-out to the general public, using the same voucher system that is used in tourism," Gregan said.

Source: The Namibian