Paratus Africa

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Namibia's Nimbus acquires stake in Paratus Africa for $8 million

Paratus Africa, one of the largest privately owned telecommunications operator, has announced that Nimbus Infrastructure Limited has acquired a 26,5 percent stake in its Namibian operation for an amount of N$95-million (approximately $8 million). The transaction is structured such that Nimbus purchases 8% of the issued share capital