- The takeover boosts investments of BPOPF further
Mascom Wireless Botswana (Pty) Ltd is in the process of acquiring 100 percent of the issued share capital and all sale claims of MTN Business Solutions Botswana, the Competition and Consumer Authority (CCA) has revealed after it received a merger notification for the proposed acquisition.
Deci Investments (Pty) Ltd, which is a Botswana based company controlled by the Botswana Public Officers Pension Fund (BPOPF), controls the telecommunications company while the other shareholder is Econet Wireless Citizens, which holds approximately 40 percent of the issued capital in Mascom.
“The other shareholder in Deci Investments, holding approximately 33.3 percent, is Mobile Botswana Ltd Mobile Botswana,” says a statememnt from CCA. “Econet Citizens is controlled by Mobile Botswana. The other shareholder in Econet Citizens, holding approximately 17.2 percent of its issued share capital, is Econet Investments Ltd (Econet Investments). Mobile Botswana is a 100 percent subsidiary of MTN International (Mauritius), which is in turn is indirectly wholly owned by MTN Group Limited,”
According to CCA, Mascom wholly controls Direct Bpo (Pty) Ltd, a Botswana registered company in the business of customer management services which provides, among others, call centre and debt collection services. Mascom’s core business in Botswana is principally as a mobile carrier operator, and also sells a multitude of products and services ancillary to its operations as a mobile telecommunications network provider.
MTN Botswana, which is the target enterprise in the transaction, is registered in Botswana and does not control any entity in the country “MTN Botswana is controlled by MTN Business Solutions (Pty) Ltd, a company registered in South Africa,” says CCA. “MTN Botswana is an internet service provider. It offers internet services and other business solutions through a virtual private network.”