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.
Rebranding Leo is also part of Telecom Namibia's plan to resuscitate the struggling mobile operator. Hopefully it will be third time lucky for the company which started as Cell One in 2007 and was rebranded as Leo two years later.