Namibia: MTC Deal Approved Without Key Documents

The Communications Regulatory Authority of Namibia (Cran) approved the buying of MTC shares worth N$2,3 billion from a foreign company, despite concerns that key Cabinet documents were not submitted when the transaction was finalised by the regulator.

This was revealed in documents submitted by Cran's management to the board two weeks ago when the communications entity approved the sale of MTC shares.

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