Mobile Telecommunications Limited (MTC) is a mobile telecommunications company and internet service provider in Namibia. It is the largest mobile carrier in Namibia with over two million active subscribers. MTC was established in 1995 and was the only cellular provider in Namibia at that time. Today, its competitors in Namibia are TN Mobile and Telecom Namibia.
Before Cell One and Telecom Switch entered the market, MTC had a monopoly on mobile telecommunications and 3G Internet access. MTC is still the most widely recognized mobile telecommunications company in Namibia. Its competitors are Telecom Namibia's TN Mobile and Paratus Telecom.
Ownership
MTC was established as a joint venture between the Namibian government, Namibia Post and Telecommunications Holdings (NPTH), and Telia and Swedfund. In May 2004, NPTH concluded a deal that saw it hold 100% of the shares in MTC by acquiring the 49% held by Telia Overseas AB and Swedfund International AB. During 2006, the sale of 34% of MTC shares to Portugal Telecom was concluded for N$1.34 billion while the Namibian government retains the remainder of the stake through NPTH.[2]