TN Mobile
 | |
| Company type | Private |
|---|---|
| Industry | Telecommunications |
| Founded | 2007 |
| Headquarters | Windhoek, Namibia |
| Products | GSM, services, 3G, Internet service provider |
| Website | http://www.leo.na |
Leo formerly known as Cell One[1] is a mobile telecommunications company in Namibia providing cellular coverage. It is currently the second largest mobile operator in Namibia with currently[update] around 300.000 active subscribers.[2]
Leo was established under the name Cell One in 2007 and was the first cellular provider in Namibia offering competition to the largely government owned MTC which operated as a monopoly for almost 10 years. Leo is owned by Telecel Globe, a subsidiary of the Egyptian Orascom Telecom Holding,[3] and it is a new brand for Telecel, with Namibia being the first country to adopt it[4] amongst a few other SADC countries.[5]
Re-branding
Leo underwent a name change (from Cell One) in September 2009, following its acquisition to new owners, Egyptian-owned Orascom Telecom Holdings, in January 2010 after a $59 million cash deal on 9 January 2010.[6] The name Leo (pronounced Lay-Yo) means "today" in Swahili, while also representing 'lion' in Spanish.[5]
In 2012, state-owned Telecom Namibia took full control of Leo, when the Communications Regulatory Authority of Namibia (CRAN) approved the takeover.
References
- ^ Allgemeine Zeitung: Renaming of Cell One to Leo
- ^ Institute for Public Policy Research
- ^ Telcel Globe acquires Cell One Namibia
- ^ Nokia-Siemens: leo lays out aggressive expansion plan in Namibia
- ^ a b "Bye-Bye Cell One, Hello Leo". The Namibian. 19 August 2009.
- ^ "Orascom Telecom buys Namibia's Cell One in US$59 million cash deal". Reuters. 16 January 2009.
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