Incumbent Telecom Namibia is looking to acquire local mobile operator Powercom, which operates under the Leo brand, TelecomFinance has confirmed.
A spokesman said that financial advisers had yet to be hired but added that details about the…
Incumbent Telecom Namibia is looking to acquire local mobile operator Powercom, which operates under the Leo brand, TelecomFinance has confirmed.
A spokesman said that financial advisers had yet to be hired but added that details about the transaction would be released very soon.
In July, Telecel Globe, a subsidiary of Orascom Telecom Holding, sold Powercom to Investec and Nedbank. The transaction had a value of US$60m, representing Powercom’s liabilities.
TelecomFinance reported last year that Citigroup and Standard Bank were advising on the sell side.
