Paratus Namibia Holdings Limited (PNH), a leading telecommunications company in Namibia, has successfully raised over N$600-million through its recent Rights Issue and investment drive, which was fully subscribed. This significant capital infusion has effectively doubled the company’s market capital on the Namibia Stock Exchange News (NSX). The raised capital has been sourced from a diverse group of investors, including the Paratus Group (61,9%), institutional investors (34%), Paratus employees (2,6%), and retail investors (1,5%).
The funds will be strategically allocated to expand Paratus Namibia’s existing offerings by enhancing its core systems and infrastructure. This investment will enable the company to adapt and transform its business model to meet the evolving demands of customers and the market, while optimizing capacity utilization, leveraging economies of scale, and generating increased returns from its current asset base.
Paratus Namibia has three strategic focus areas: leadership in connectivity; differentiation and long-term diversification; and optimized efficiencies. The company aims to be the leader in high-quality connectivity by investing in fiber and mobile LTE technologies. The company’s goal is to be the enterprise digital partner of choice, thereby enabling businesses to leverage digital solutions to elevate their operations. Paratus Namibia will prioritize delivering a world-class customer experience through seamless onboarding, proactive issue resolution, and personalized offerings driven by Big Data, Machine Learning, and Artificial Intelligence.
The company also plans to optimize its efficiencies through infrastructure sharing; adopting cutting-edge technologies in its network; and developing business enablement and operational support systems. By fostering an agile digital organizational culture and optimizing the management of key resources, including staff and infrastructure, Paratus Namibia will reinforce its brand as aspirational, successful, and enabling.
Schalk Erasmus, CEO of Paratus Group, is excited about this latest development: “This investment is a significant milestone for Paratus Namibia, the region, and our valued customers. With this capital, and by leveraging our existing infrastructure, we will establish an unparalleled technological advantage in the market. As a digital partner to our customers, we will help them take their businesses to new heights. Central to this expansion will be our unwavering commitment to delivering world-class customer service. By harnessing the power of Big Data, Machine Learning, and AI in the digital environment, we will monitor and optimize the entire customer journey and experience. We will proactively meet and exceed customer expectations in today’s fast-paced business landscape.”
Paratus Namibia Holdings Limited, in partnership with Cirrus Capital, a fully Namibian-owned financial services firm, has worked diligently to engage and inform both local and foreign shareholders regarding the Rights Issue, to ensure their comprehensive understanding and participation in the process. The successful investment secured from prominent institutional investors and additional investment from Paratus Group shareholders has contributed to the significant capital raised.
Paratus Namibia is now well-positioned to transform its business model, expand its market reach, and to continue delivering unparalleled value to its customers. The company remains committed to driving innovation, leveraging digital technologies, and contributing to the growth and development of the telecommunications sector in Namibia.
The pan-African telco, Paratus Group, announced it is providing LEO satellite solutions to clients in South Africa, Botswana, Mozambique, and Zambia. Speaking at the Atlantic Convergence conference in Lisbon this week, Chief Technical Officer of the Paratus Group, Mr. Rolf Mendelsohn says: “We have always known that reliable, fast, and secure connectivity will be the key to unlocking the enormous potential that exists in Africa. With LEO satellite technology, we are broadening our network offerings even further to provide unlimited connectivity for our current markets, with plans to expand across the continent.”
Kinshasha: In a large and densely populated developing country like the Democratic Republic of Congo (DRC), quality connections and communication are vital for the country’s growth and for its inclusion in the new digital age. One man is helping to champion new links, new routes and new ways of working. Meet François-Xavier Kabemba, the General Manager of FAST Congo in Kinshasha.
The Deputy Permanent Secretary of the Botswana Ministry of Communications, Knowledge and Technology, Cecil Masiga said that the recently launched Botswana Kalahari Fiber route (BKF) is a triumph for the people of Botswana and for the country’s economy. He was speaking at an event held at Paratus Botswana Head Office in Gaborone, to officially mark the opening of the BKF route.
Paratus is audited and certified by accredited independent bodies, as part of its innovation focus for continuous improvement of processes and customer service.
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