Malawi’s TNM predicts huge loss in after-tax profit
Company secretary cautions that the projections are based on a trading update and attributed to the impact of weakened local currency.Michael Malakata
COMESA urges governments to subsidise telecoms infrastructure
Regional bloc expresses concern over high cost of mobile phone services, including data, and emphasises infrastructure sharing as a solution.
Malawi: Malcel readies to take on Airtel, TNM
Country’s newest operator is home-grown and has committed to invest US$280-million in its operations.
Malawi’s TNM enforces 20% increase in tariffs
The increase on price of voice and data services is effective from today.
Malawi telcos dealt heavy blow with Kwacha devaluation
Telekom Networks Malawi and Airtel Malawi both project subdued results for half-year ended 30 June.
Major investor drops Malawi Telecommunications Ltd
Malawi Stock Exchange-listed Press Corporation confirms decision, but offers little detail regarding the move.
Malawi’s TNM preps for challenging economic times ahead
Mobile operator cites foreign currency shortage, volatile exchange rate and sustained cost pressure on margins.
Malawi’s TNM not feeling the COVID-19 heat
Company confident it will deliver positive results, says its customer base has increased by 26% to 4.5 million over the last six months of this year.
TNM, Airtel Malawi urge govt to help combat mobile money fraud
Companies argue that the use of mobile devices in prisons is a likely source.
Malawi's TNM has invested US$39m in telecoms infrastructure
Part of the company’s ongoing effort to digitally transform and strengthen operations amid ongoing challenges.
Malawi’s central bank blames pandemic for drop in Fintech use
Reserve Bank releases report confirming decrease in volume generated by all electronic payment streams.
MTL profit hit hard by pandemic
Government puts pressure on holding company to quickly address the issue.