Namibian Black-Owned Firms Enter Mobile Telecoms

19 March 2018

Windhoek — Profile Technologies and Demshi Investment Holdings are two black-owned Namibian firms set to enter Namibia's largely monopolistic mobile network industry from July this year, at a time when the largest operator, MTC, is tangled in a web resulting from a scramble over its ownership.

The timing of their arrival in the market coincides with the urgency with which the government finalised the acquisition of the MTC minority shareholding from Samba Luxco, which is facing immediate liquidation in Europe and other markets in which it operates.

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