Telecom Networks Malawi (TNM) Limited, one of the country’s mobile service providers, has completed the acquisition of the Internet Service Provider (ISP) Business and related assets of Burco Electronics System Limited.
TNM Managing Director Willem Swart said the transaction successfully went through legal and regulatory process and is now completed.
Following the acquisition, all ISP and Burco services will begin to operate under the TNM Limited brand and will have TNM’s “Always with you” tagline.
Swart claimed that TNM’s strategic vision is to create best-in-communication solutions in Malawi, hence the acquisition Burco to bring added value and greater opportunity to all their customers, business partners and the country as a whole.
The Managing Director further said TNM will offer a truly unique experience through premier services and best-in-class platforms to the betterment of the country’s economy.
“Following the approval of the Competition and Fair Trading Commission (CFTC), we would like to announce the completion of the transaction in which TNM will take over the Internet Service Provider Business and related assets of Burco Electronic Systems Limited.
“We are very excited to welcome all Burco Customers to the TNM family, and believe the efforts of our combined terms will bring added value and greater opportunity to all our customers, our business partners and the country as a whole,” said Swart.
He added that acquisition of Burco will also enable TNM to bring access to additional resources including technological innovations, supply chain and a world class service organization to the existing business of Burco.
“TNM’s strategic vision is create best-in-communication solutions in Malawi, therefore the acquisition of the ISP Business and related assets from Burco Systems Business supports this vision and we believe that the company will grow and prosper as operations are fully merged,” he claimed.
The BURCO company logo and references to Burco as a company will be replaced by TNM Business Services.
However, Burco reseller partners will continue to sell all products specified in their partner agreements, and will have access to other TNM products in due course.
Likewise, resellers in other TNM business products will in due course also have access to the internet service products, but this will happen over time as TNM will need more time to ensure that all their dealers understand the new business.
“The acquisition of Burco by TNM will create one of the most innovative business solution providers for the corporate in the industry that will help our customers manage their business communications needs and simplify the complexity of their businesses.
“TNM will offer a truly unique experience through premier services and best-in-class platforms,” he added.
Swart also hinted that they are still committed to pioneering in new technologies and services that would help everyone work more effectively and make smarter decisions.
“We remain committed to this business and invested in its services. We expect to build a new, best-in-breed organization—the whole will be greater than the sum of its parts,” he claimed.
TNM is a Malawi company that started its operations in 1996. It was listed on the Malawi Stock Exchange in November 2008. It has over 2.5 million active subscribers on its network with voice and data services as some of its core products.Follow and Subscribe Nyasa TV :