Namibian Telco Company now owns Vox Telecom after completely finishing its payment. Details of the transaction have not been revealed but the sales included all the assets and the full complement.
The purchasing deal begun last year, with a view to combining the best of breed voice services offered by Vox Telecom Namibia, with Paratus Telecom’s established data network and infrastructure.
Jacques du Toit, CEO of Vox Telecom, said: ‘The synergies of the two companies can only be seen as a positive, bringing to the Namibian market competitive, comprehensive and complementary telecommunications services.’
Spurred on by an increasingly competitive telecommunications landscape presented by the mobile and fixed line operators not only in Namibia, but across pan-Africa, makes this sale a significant win for Paratus Telecom; and enhances its product and service offering by integrating a voice capability with its already world-class data network. Vox Telecom Namibia customers will also see the benefit of a single vendor for voice and data services.
Barney Harmse, group CEO for Paratus Telecom, says: “Three years ago, we started on a transition phase aimed at evolving us from being a traditional ISP into a fully-fledged telecommunications operator. The finalisation of this acquisition completes this growth phase for Paratus Telecoms.”
The acquisition of Vox Telecom Namibia will create a diversified product and services portfolio that can be delivered to the African continent and Paratus Telecom’s corporate market.