Telekom Networks Malawi

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]

Telekom Networks Malawi
TypePublic
MSE: TNM
IndustryTelecommunications
Founded1995 (1995)
Headquarters
Fifth Floor, Livingstone Towers, Glyn Jones Road, Blantyre
,
Malawi
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)
ParentPress Corporation Limited
Websitewww.tnm.co.mw

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]

Shareholders In The Stock of Telekom Networks Malawi As At 31 December 2018
RankShareholderPercentageNotes
1Press Corporation Limited41.31
2Old Mutual Life Assurance Company Malawi Limited24.09
3Magni Holdings Limited5.01
4NICO Life Insurance Company Limited4.88
5Livingstone Holdings Limited1.87
6Magetsi Pension Fund1.49
7Uniloy Holdings Limited1.26
8Uco Holdings Limited1.19
9Others18.90
Total100.00

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.

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.

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.

See also

References
  1. Telekom Networks Malawi (9 April 2019). "TNM 2018 Annual Report". Blantyre: Telekom Networks Malawi. Retrieved 13 April 2020.
  2. African Financials (2018). "Profile of Telekom Networks Malawi". Africanfinancials.com. Retrieved 13 April 2020.
  3. GSMA.com (June 2012). "Telekom Networks Malawi: GSMA Green Power for Mobile Feasibility Study" (PDF). GSMA.com. Retrieved 13 April 2020.
  4. Maurice Nkawihe (15 September 2016). "Malawi Phone Service Operators MTL, TNM In US$21 Million Debt". Nyasa Times. Retrieved 13 April 2020.
  5. Google (13 April 2020). "Location of the Headquarters of Telekom Networks Malawi" (Map). Google Maps. Google. Retrieved 13 April 2020.
  6. ITWeb Africa (2 April 2019). "Telekom Networks Malawi appoints new CEO". ITWeb Africa. Retrieved 13 April 2020.

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