NPTH to Be Dismantled

Minister of Information and Communication Technology Tjekero Tweya has urged Namibia Post and Telecommunication Holdings (NPTH)’s Board of Directors to fast-track the implementation of the Cabinet decision to dismantle the company.

In July 2014, Cabinet resolved to dissolve NPTH and redistribute its properties and liabilities.

Tweya announced the five members of the Board tasked with professionally dismantling the company and distributing its properties to the rightful entities as Ally Angula (chairperson), Henning Seelenbinder, Johnny Smith, Leilanie Hochobeb and Lena Kangandjera.

“I hope this is your last appointment. You have an extra task to do – implementing the Cabinet decision on dissolving NPTH,” he said.

Tweya directed the board members to ‘unbundle the NPTH professionally and peacefully, without endangering the company’s activities.’

“Do not wait for two years, do it as fast as you can. Bathe the baby and throw away the dirty water, but do not throw away the baby with the dirty water,” he said.

Cabinet has directed the task team to dissolve the NPTH within two years (2015-2017).

NPTH was registered in 1992 in terms of the Post and Telecommunications Companies Establishment Act 1992 as the Holding Company for Namibia Post Limited, Telecom Namibia Limited and Mobile Telecommunications Ltd. The company owns the group’s land and buildings, which are let to these subsidiaries. The activities of the subsidiary companies are the rendering of postal and banking services (Nampost), and telecommunications and Information Communication Technology services (Telecom and MTC). -Nampa

Source : The Namibian