Government-owned incumbent PSTN operator Telecom Namibia’s managing director Frans Ndoroma has resigned as CEO of state holding company Namibia Post and Telecommunication Holdings Limited (NPTH), in order to satisfy one of the conditions of Telecom’s proposed takeover of cellco PowerCom (Leo) stipulated by the Namibia Competition Commission (NaCC). TeleGeography’s GlobalComms Database says that in December 2011 Telecom agreed in principle to purchase 100% of Leo, and in May 2012 the NaCC gave its conditional approval pending compliance with ownership requirements aimed at ensuring fair competition.
Originally posted here:
OVETEL Telecom’s takeover of Leo clears hurdle with executive reshuffle
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