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Telecom Namibia Acquires Mobile Operator Leo, New Era Reports

Telecom Namibia, the state-owned fixed-line operator, bought Leo, the southern African nation’s second-largest mobile operator, New Era reported.

Telecom Namibia will use Leo to strengthen its mobile-phone operations, the Windhoek-based newspaper said, citing Chairman Joseph Iita. The terms of the transaction haven’t been revealed, New Era reported.

To contact the reporter on this story: Chamwe Kaira in Windhoek at ckaira@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net

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