Leo Namibia rebrands to TN Mobile

The Namibian mobile network operator, Leo has adopted the brand name of its landline operator parent, Telecom Namibia and is to be known as TN Mobile.

Telecom Namibia managing director Frans Ndoroma said his company acquired Powercom, which traded as Leo last year and the board of directors and management decided to give it a new brand; TN Mobile.

The former Leo website is already redirecting visitors to the Telecom Namibia website.

Leo was owned by Telecel Globe, a subsidiary of Egypt’s Orascom Telecom and was sold to a consortium of banks for US$60 million in 2011, before being bought by Telecom Namibia, for a reportedly paltry amount in November 2012.

Telecom Namibia is 100 per cent owned by the government and competes with MTC, which has a 90 per cent market share of the mobile market, and is also 64 per cent owned by the government.