GIPF earns N$134m from MTC shares
Mobile Telecommunications Limited (MTC) increased its dividend payments to shareholders to N$467.1 million during the latest reporting period ended 31 March, up from N$369.5 million paid in the corresponding period a year earlier.
Chamwe Kaira
Mobile Telecommunications Limited (MTC) increased its dividend payments to shareholders to N$467.1 million during the latest reporting period ended 31 March, up from N$369.5 million paid in the corresponding period a year earlier.
The largest beneficiary of the dividend distribution was the Government of the Republic of Namibia, which received N$280.9 million, compared to N$212.1 million in the previous period.
The government’s stake in MTC is held through the Namibia Post and Telecommunications Holdings Limited (NPTH), which received N$222.2 million in the prior period.
No dividend allocation was recorded under NPTH in the latest reporting period following changes in the company’s shareholding structure.
