TNM completes Burco ISP acquisition

Mergers, Acquisitions and Financial Results

Telekom Networks Malawi (TNM), the country's second largest mobile operator by subscribers, has completed the acquisition of the internet service provider (ISP) business and related assets of Burco Electronic Systems, after receiving approval from the Competition and Fair Trading Commission (CFTC).

‘We are excited to welcome all previous Burco customers to the TNM family, and believe the efforts of our combined teams will bring added value and greater opportunity to all our existing customers, our business partners and the country as a whole,' commented TNM managing director Willem Swart. TNM, which holds a Universal Licence allowing it to provide all types of telecoms services, is using Burco's assets to establish a new unit, known as TNM Business Services. The company says the acquisition will create ‘one of the most innovative business solution providers' in Malawi and will help its customers to ‘manage their business communications needs and simplify the complexity of their businesses'.

Source: Telegeography 25 February 2015