Telekom Networks Malawi plans internet provider acquisition
Telekom Networks Malawi (TNM), the country’s second-largest mobile telecoms operator, said on Wednesday it planned to acquire leading Internet service provider Burco to diversify its business.
The new Universal License issued to TNM by Malawi Communications Regulatory Authority (MACRA) allows TNM to supply all possible telecommunication services to its customers.
TNM, whose main rival is the local unit of India’s Bharti Airtel, said in a statement it had submitted applications to Macra and to the stock exchange.
“TNM believes this acquisition will enable us to establish and deliver a broad range of telecommunications services to our business customers, as well as providing enhanced services to Burco’s existing customers,” it said.
The operator plans to use part of its $25 million infrastructure expansion budget for the acquisition, it said.
“TNM aims to accelerate the growth of ISP services in Malawi which it currently provides to its customers through mobile devices with faster innovation, increased synergies, unified branding and marketing,” the statement said.
By acquiring the existing infrastructure from Burco TNM will prevent duplication and thereby create the opportunity to lower the long term cost of services to customers.
TNM, majority owned by Malawian conglomerate Press Corporation, has more than 2.5 million subscribers in the African country of 16 million people.
It posted a 48 percent jump in revenue to 17.5 billion kwacha ($37 million) in the first six months of this year, while its shares have risen 90 percent so far in 2014.
TNM network is very poor. These guys lie that they will bring charges down. Yet they lie. Mbava. Why should a white man be GM?
TNM is now thge biggest in the Warm Heart of Africa. I work in the rurals for an NGO,two years ago,I used to have communication problems with the Chiefs and community since they almost all used Airtel by then.
Now 2015,its a total turnaround.Over half of them are with my network TNM.
Somebody in TNM help me,my 9300 consumes without calling or texting.I subscribe to BIS on a daily basis…
I love you TNM Mmaaaaa! osati alendo akuba aja. Blackberry kuposa rent ya nyumba?
Tnm is the largest mobile telephone operator in the country and not the second largest . where are you getting your statistics. move with the current events. you are still using the 2012 statistics. get hold of the the current statistics from MACRA they are showing Tnm on the driving seat.
point of correction , TNM is the the premier mobile operator . i dont know what statics you are using . Between Tnm and Airtel its Tnm that has more customers on the market than Airtel , so if you say tnm is the country’s second largest telephone operator it means you are not moving with the current statistics of these two mobile companies. TNM overtook Airtel subsciber base in june 2013 which means if we go by customer base, it means Tnm is the leading mobile operator in malawi.
Keep it tight ur the true Malawian company that is geared to serve Malawians
Go ahead TNM and continue with Tikhale Tcheru TV programmes on MBC-TV and as one viewer expressed in the vandalism story, u need to expand also to Times TV.
Wishing u all the best TNM