Vox Telecom sold its Namibian operation to Paratus Telecom, a private Namibian telecommunications operator for an undisclosed amount.
Talks between the two organisations started last year as they aimed combine Vox's voice services with Paratus' established data network and infrastructure, the companies say in a statement. Vox CEO Jacques du Toit says "the synergies of the two companies can only be seen as a positive, bringing to the Namibian market competitive, comprehensive and complementary telecommunications services".
Vox recently consolidated its brands and is exploring growth opportunities. It has also recently made three acquisitions as it seeks to expand its IT service skills and know-how.
Barney Harmse, group CEO for Paratus Telecoms says: "Three years ago, we started on a transition phase aimed at evolving us from being a traditional Internet service provider into a fully-fledged telecommunications operator. The finalisation of this acquisition completes this growth phase for Paratus Telecoms."
The Namibian company adds the deal is a "significant" win because of the increasingly competitive telecommunications landscape presented by the mobile and fixed line operators not only in Namibia, but across pan-Africa.
Paratus adds the deal enhances its product and service offering by integrating a voice capability with its data network.
The acquisition of Vox Telecom Namibia will create a diversified product and services portfolio that can be delivered to the African continent and Paratus Telecoms' corporate market.
"Aside from the additional spectrum of technology offerings we have now obtained, we have acquired something much more valuable - people and human capital," adds Harmse.
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