Minister of Information and Communications Technology Nicholas Dausi has said modern technology brings efficiency to economies, increased investments and creation of jobs.
The minister said this on Thursday evening in Lilongwe at the launch of TNM plc 4.5G Long Term Evolution (LTE) and enterprise solutions for digital transformation, which has cost the Malawi Stock Exchange (MSE)-listed converged mobile network and information and communications technology (ICT) service provider K22 billion.
“By constantly investing in upgrades and innovations for its network platforms, TNM plc continues to demonstrate its willingness to become a key player and partner of the government in nation building efforts.
“TNM’s commitment to contributing to Malawi’s economic growth efforts is well noted and not limited to ICT,” said Dausi.
He noted that by offering a more efficient and robust data network, TNM is reducing the cost of business communication, stressing that when telecommunication networks become efficient, the cost of communication gradually reduces.
The launch of the 4.5G/LTE platform becomes the first in the country and Dausi said this represents progress in TNM’s journey from 2G, 3G and 4G.
In his remarks, TNM plc board chairperson George Partridge, who is also Press Corporation Limited (PCL)group chief executive officer, said TNM’s digital transformation journey dates back to two years ago when it diversified its investment in line with global trends, from traditional Global Systems for Mobile Communications (GSM) business into data and broadband.
“To realise this objective, we acquired the assets of Burco Electronics Limited, which at the time was one of Malawi’s leading Internet service providers. The acquisition of Burco turned TNM into a converged mobile telecoms and ICT network service provider, the first of its kind in the market,” he said.
Partridge likened the 4.5G connection—which he said is five times faster than a 3G connection offering subscribers both speed and reliability—to Usain Bolt (a retired Jamaican sprinter) of telecommunication in Malawi.
“The broad range of services and products powered by the TNM plc network platform now makes it possible for businesses and individuals to maximise their productivity and to operate with unprecedented levels of speed and efficiency,” he said.
TNM plc is the only telecommunications company listed on 13-counter MSE.