Telekom Networks Malawi
| Company type | Public |
|---|---|
| MSE: TNM | |
| Industry | Telecommunications |
| Founded | 1995 |
| Headquarters | Fifth Floor, Livingstone Towers, Glyn Jones Road, Blantyre , |
Key people | George Partridge Chairman Hitesh Anadkat Vice Chairman Michiel Buitelaar Chief Executive Officer |
| Revenue |  MWK: 91.17 Billion (2018)[1] |
| MWK: 16.67 Billion (2018) | |
| Total assets | MWK: 79.64 Billion (2018) |
| Total equity | MWK: 38.36 Billion (2018) |
Number of employees | 706 (2018) |
| Parent | Press Corporation Limited |
| Website | www |
Telekom Networks Malawi (TNM), is a telecommunications service provider in Malawi. Established in 1995, it is the oldest telecommunications company in the country.[2] The telco is a subsidiary of Press Corporation Limited, the largest business conglomerate in Malawi.[3][4]
Location
The headquarters of the company are located on the Fifth Floor, Livingstone Towers, Glyn Jones Road, in the city of Blantyre, Malawi's business capital.[2] The geographical coordinates of the company headquarters are:15°47'08.0"S, 35°00'26.0"E (Latitude:-15.785556; Longitude:35.007222).[5]
Overview
Telekom Networks Malawi is a leading telecommunications network provider in the country. As of December 2018, the telco had assets worth MWK:79,640,104,000 (US$110.5 million), with shareholders equity worth MWK:38,360,560,000 (US$53.2 million). At that time, the company serviced in excess of 3.4 million customers, through 26 customer-service stores throughout the country.[1]
History
Telekom Networks Malawi (TNM) was established in 1995 as a joint venture between Telekom Malaysia (60 percent) and Malawi Postal and Telecommunications Corporation (MPTC) (40 percent). MPTC was owned by the government of Malawi. Later, MPTC was unbundled into (a) Malawi Posts Corporation (MPC) and (b) Malawi Telecommunications Limited (MTL). The shares of stock of Telekom Networks Malawi were listed on the Malawi Stock Exchange in 2008. Telekom Malaysia sold its 60% majority stake in TNM and the enterprise is now wholly Malawian-owned.[2][3]
Ownership
Telekom Networks Malawi (TNM), Company number 4029, was the pioneer mobile network in Malawi and it is listed on the Malawi Stock Exchange, where it trades under the symbol TNM. As of 31 December 2018, the major shareholders in the stock of TNM are as illustrated in the table below.[1]
| Rank | Shareholder | Percentage | Notes |
|---|---|---|---|
| 1 | Press Corporation Limited | 41.31 | |
| 2 | Old Mutual Life Assurance Company Malawi Limited | 24.09 | |
| 3 | Magni Holdings Limited | 5.01 | |
| 4 | NICO Life Insurance Company Limited | 4.88 | |
| 5 | Livingstone Holdings Limited | 1.87 | |
| 6 | Magetsi Pension Fund | 1.49 | |
| 7 | Uniloy Holdings Limited | 1.26 | |
| 8 | Uco Holdings Limited | 1.19 | |
| 9 | Others | 18.90 | |
| Total | 100.00 |
Governance
The eight-person board of directors is chaired by George Partridge. The Vice Chairman is Hitesh Anadkat. Both are non-executive board members.[1] The chief executive officer is Michiel Buitelaar.[6]
Sponsorship
The TNM Super League is TNM's major sponsorship property and it is Malawi's elite football league competed for by 16 teams from across Malawi. TNM ventured into football sponsorship in 2007 and its current agreement runs up to 2020.[citation needed]
This sponsorship agreement includes the sponsorship of football equipment, awards to teams and individual players, awards to media personalities who promote the league, cash subventions to the teams in the league and administration fees to Super League of Malawi (SULOM) who are the league managers.[citation needed]
The league runs from April to December and relegates three bottom teams who are replaced by those that emerge champions in the country's three regional leagues.[citation needed]
See also
References
- ^ a b c d Telekom Networks Malawi (9 April 2019). "TNM 2018 Annual Report". Blantyre: Telekom Networks Malawi. Retrieved 13 April 2020.
- ^ a b c African Financials (2018). "Profile of Telekom Networks Malawi". Africanfinancials.com. Retrieved 13 April 2020.
- ^ a b GSMA.com (June 2012). "Telekom Networks Malawi: GSMA Green Power for Mobile Feasibility Study" (PDF). GSMA.com. Retrieved 13 April 2020.
- ^ Maurice Nkawihe (15 September 2016). "Malawi Phone Service Operators MTL, TNM In US$21 Million Debt". Nyasa Times. Retrieved 13 April 2020.
- ^ Google (13 April 2020). "Location of the Headquarters of Telekom Networks Malawi" (Map). Google Maps. Google. Retrieved 13 April 2020.
- ^ ITWeb Africa (2 April 2019). "Telekom Networks Malawi appoints new CEO". ITWeb Africa. Retrieved 13 April 2020.