Telkom SA, Telecom Namibia pull back from foreign expansion

24.11.2010

However, Telecom Namibia Managing Director Frans Ndoroma said the company is ditching the Angolan market in order to pull all its resources and efforts and concentrate on the domestic market.

Telecom Namibia also has a 12.5 percent stake in Neotel, South Africa's second fixed-line operator. The company has not, however, said whether it will also pull out its investment in Neotel.