Telekom Networks Malawi plc (TNM), is a telecommunications service provider in

Malawi Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast ...

. Established in 1995, it is the oldest telecommunications company in the country. The telco is a subsidiary of

Press Corporation Limited Press Corporation Limited, also Press Corporation Plc, is a business conglomerate, partly owned by ''Press Trust'', a sovereign trust fund, of the government of Malawi, that is outside of the direct control of the Malawian government. Press ...

, the largest business

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

in Malawi.

Location

The headquarters of the company are located on the Fifth Floor, Livingstone Towers, Glyn Jones Road, in the city of

Blantyre Blantyre () is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, L ...

, Malawi's business capital. The geographical coordinates of the company headquarters are:15°47'08.0"S, 35°00'26.0"E (Latitude:-15.785556; Longitude:35.007222).

Overview

Telekom Networks Malawi is a leading telecommunications network provider in the country. As of December 2020, the telco had assets worth MWK:120,528,540,000 (US$155.6 million), with shareholders equity worth MWK:43,905,850,000 (US$56.7 million). At that time, the company serviced in excess of 4 million customers, through 26 customer-service stores throughout the country.

History

Telekom Networks Malawi (TNM) was established in 1995 as a joint venture between

Telekom Malaysia Telekom Malaysia Berhad (TM) is a Malaysian telecommunications company founded in 1984. Beginning as the national telecommunications company for fixed line, radio and television broadcasting services, it has evolved to become the country's larg ...

(60 percent) and Malawi Postal and Telecommunications Corporation (MPTC) (40 percent). MPTC was owned by the

government of Malawi Politics of Malawi takes place in a framework of a presidential representative democratic republic, whereby the President of Malawi is both head of state and head of government, and of a multi-party system. Executive power is exercised by the g ...

. 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.

Ownership

Telekom Networks Malawi (TNM), company number 4029, was the pioneer mobile network in Malawi, and it is listed on the

Malawi Stock Exchange The Malawi Stock Exchange (the MSE) is a stock market, with three licensed brokers is based in Blantyre, Malawi. Overview The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, un ...

, where it trades under the symbol TNM. As of 31 December 2018, the major shareholders in the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of TNM are as illustrated in the table below.

Governance

The eight-person board of directors is chaired by Ted Sauti Phiri. The chief executive officer is Michel Hebert.

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 2025. 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 Super League of Malawi, also known as the TNM Super League for sponsorship reasons, is the top football division in Malawi. Contested by 16 clubs, it operates on a system of promotion and relegation with the Malawi Regional Football Leagues. Mal ...

(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.

References

External links

Official Website
{{coord, 15, 47, 08, S, 35, 00, 26, E, display=title Telecommunications companies of Malawi Telecommunications companies established in 1995 1995 establishments in Malawi Companies listed on Malawi Stock Exchange