10
Jul
Andrew Kathindi More than 16 years on, Telecom Namibia is still to recoup its millions invested in the failed Mundo Startel deal. Telecom then led by Frans Ndoroma, announced in 2004 that it had acquired a 44 percent stake in Angola’s Mundo Startel worth US$14 million (N$91 million at the time), in a bid to break into the Angolan market. The investment was a failure and in 2011 the company announced it was exiting the market and putting its 44 percent stake in Mundo Startel up for sale. The remaining 56 percent of the Angolan telecommunication company were owned by…