Telekom Networks Malawi

Telekom Networks Malawi (TNM) was the pioneer mobile network in Malawi. It was established in 1995 as a joint venture between Telekom Malaysia Berhad and the then government owned Malawi Postal and Telecommunications Corporations (MPTC) and later on MTL following the splitting of the MPTC into two entities of postal (MPC) and telecommunications (MTL). In April 2007 Telekom Malaysia sold its 60% majority stake in TNM to MTL Mobile an investment vehicle that was spearheaded by Press Corporation Limited. TNM Listed on the Malawi Stock Exchange in 2008. TNM is wholly Malawian owned with the following shareholding: Press Corporation Limited 41.31%, Old Mutual 23.65% (total), Magni Holdings Limited 5.66%, Public and other 29.38%.