Telekom Networks Malawi Plc Investor Relations 2017-10-20T04:29:06+00:00

Telekom Networks Malawi Plc (TNM)

Telekom Networks Malawi (TNM) was the pioneer mobile network in Malawi. Listed on the Malawi stock exchange, it was established in 1995 as a joint venture between Telekom Malaysia and the then government owned Malawi Telecommunications Limited (MTL), In April 2007 Telekom Malaysia sold its 60% majority stake in TNM.

Now wholly Malawian owned, TNM’s coverage spans over 78% of Malawi. TNM operates a 4.5 generation network enabling advanced high speed broadband multimedia services, in addition to 4G/3G/GSM/GPRS/EDGE networks.

TNM offers a comprehensive range of prepaid and postpaid services; these include voice and data connectivity. TNM has been a pioneer of many services in Malawi and became the first mobile operator in Malawi to launch 4.5G/LTE advanced services, offering cutting edge solutions for both individual customers and enterprise solutions for businesses.

Why consider investing?

Three Reasons to Consider Investing in Telekom Networks Malawi Plc (TNM)

1.

Market Leader

With over three million subscribers, Telekom Networks Malawi Plc (TNM) enjoys a 47% share of the Malawi telecommunications market as at December 2016
2.

The Pioneer

Telekom Networks Malawi Plc (TNM) was the first telecommunications provider in Malawi and the Telekom Networks Malawi Plc (TNM) brand is synonymous with Malawi and investment into telecommunications infrastructure.
3.

Coverage & Technology

Geographically TNM network covers over 74% of Malawi, operating 3.5G network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks
See our share price in action

Our Share Price in Action

Tambala 1,100.00 84.00 / 8.26%
Year to date 81.81%
52 Week Change 46.08%
52 Week Low
52 Week High
500.00
1,500.00

ACTIVITY

Sales 1,100.00
Value MWK114,510,000.00
Volume 10,410,000
Market Cap MWK110,444,950,000
Shares issued 10,040,450,000

MARKET INFO

Sector Technology
Exchange Malawi Stock Exchange
ISIN MW000A1C5MM7
YEAR Listed 2008
Year End December

FUNDAMENTALS

P/E 13.41
Div. Yield 3.000%
EPS Tambala 82.00
P/B Ratio 5.29
EV / Ebitda 35.07
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Find the most important share facts

Top Shareholders31st December, 2016

Press Corporation Limited4,147,684,766 (41.31%)
Old Mutual Life Assurance Co Mw Ltd1,200,062,472 (11.95%)
Old Mutual Life Assurance Company (Malawi) Ltd867,189,858 (8.64%)
Other3,825,512,904 (38.10%)

Company Information

Registered Name Telekom Networks Malawi Plc (TNM)
ISIN MW000A1C5MM7
Ticker Code TNM.mw
Sector Technology
Stock Exchange Malawi Stock Exchange
Chairman George Partridge
Acting Chief Executive Eric Valentine
Company Secretary Christina Mwansa
Transfer Secretary National Bank of Malawi
Year End December
Year Founded 1995
Year Listed 2008
Website Address tnminvestor.com
Latest news

Featured News

TNM | Statement on TNM CEO

The Board of Directors of Telekom Networks Malawi Plc wishes to inform all stakeholders that Douglas Stevenson is no longer employed as Chief Executive Officer of the company and, consequently, Eric Valentine will continue as Acting Chief Executive Officer, a position he has ably filled for the last two months. TNM will shortly make an announcement concerning appointment of a substantive Chief Executive Officer. George Partridge Chairman ...
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Events Calendar

DateEventTimeDescriptionVenue
31 Dec 2017FYFull year endN/A

News Archive

TNM | Statement on TNM CEO

TNM | Statement on TNM CEO

The Board of Directors of Telekom Networks Malawi Plc wishes to inform all stakeholders that Douglas Stevenson is no longer ...
TNM | 2017 interim financial results

TNM | 2017 interim financial results

PERFORMANCE The company achieved high levels of service revenue and moderate subscriber growth during the first six months of 2017 ...
TNM | Declaration of 2017 first interim dividend

TNM | Declaration of 2017 first interim dividend

At the Company’s 80th Board of Directors Meeting held on Thursday, 15th June 2017, the following resolution was approved:- “THAT ...
TNM | Declaration of final dividend

TNM | Declaration of final dividend

At the Company’s Twenty-Second Annual General Meeting held on Thursday, 15th June 2017, the following resolution was approved:- THAT upon ...
TNM | Election of Chairman of the Board of Directors

TNM | Election of Chairman of the Board of Directors

TELEKOM NETWORKS MALAWI PLC (TNM) is pleased to announce that at the Company’s 80th Board of Directors’ Meeting held on ...
TNM | 2016 Annual financial report

TNM | 2016 Annual financial report

The Directors of Telekom Networks Malawi Limited have released the Company’s annual report for the year ended 31 December 2016 ...
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Documents and Reports

Telekom Networks Malawi Plc (TNM) invites you to review its latest published financial reports: half year reports, annual reports / reference documents. All the listed documents may also be downloaded.

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What makes TNM Tick?

Fundamentals

The facts that affect Telekom Networks Malawi Plc (TNM)‘s underlying value.

Statement of Income extract All values in Malawian Kwacha

  31 Dec 12 31 Dec 13 31 Dec 14 31 Dec 15 31 Dec 16 5-year trend
Revenues 18,041,169,00028,874,360,00040,517,010,00050,097,000,00065,553,000,000
Attributable PAT 692,312,0002,598,481,0005,243,242,0005,414,000,0008,206,000,000

Statement of Financial Position extract All values in Malawian Kwacha

  31 Dec 12 31 Dec 13 31 Dec 14 31 Dec 15 31 Dec 16 5-year trend
Shareholders funds 8,218,195,0009,913,035,00013,248,591,00015,651,000,00020,845,000,000
Net interest bearing debt 7,823,167,0007,760,322,0002,830,328,0009,861,000,0007,143,000,000
Cash on hand 515,159,000777,772,0003,654,564,000746,000,0001,886,000,000
Interest bearing debt 8,338,326,0008,538,094,0006,484,892,00010,607,000,0009,029,000,000
Net current assets (8,295,146,000)(7,975,867,000)(13,847,614,000)(13,039,000,000)(11,291,000,000)
Our Corporate Governance

Corporate Governance

As part of its commitment to evolving towards a world-class mobile communications provider, and as Malawi’s premier ICT company, TNM adheres to strict governance principles, in line with international standards of best practice.

Composition of the Board

TNM has a unitary Board structure of nine directors, of whom eight (including the Chairman) are non-executive directors, and one is an executive director.

Executive Directors

Mr Eric Valentine (Acting Chief Executive Officer)

Non-Executive Directors

Dr. George Partridge (Chairman)
Mr Hitesh N. Anadkat (Vice Chairman)
Mr John M. O’Neill
Mrs Elizabeth Mafeni
Mr John Biziwick
Mr Dean Lungu
Mr Damien Kafoteka
TNM’s non-executive directors contribute their extensive experience and knowledge to the Board’s committees. All committees operate under Board-approved terms of reference, which are updated from time to time, to stay abreast of developments in governance best practice.

Audit
Committee
Members: J. M. O’Neill (Chairman), D. Lungu, J. Biziwick

Although ultimate responsibility for risk oversight and risk management rests with the Board, the responsibility of the Audit Committee is to monitor and advise on the risk management and internal control structure, to safeguard TNM’s assets and to ensure reliable financial records are maintained.

The committee meets at least four times a year and also assists the Board in monitoring the compliance by the Company with legal, corporate governance and regulatory requirements, monitors external auditor’s independence, qualification and performance and the performance of the internal audit function.

The Audit Committee is required to have at least three members, two of which are appointed from the existing independent non-executive Directors.

All members must be independent non-executive Directors of the Company and the Chairman of the Company is prohibited from being the Audit Committee Chairman.

At least one member of the Audit Committee should have recent and relevant financial or audit experience.

The committee chairman is required to be appointed from among the independent non-executive Directors of TNM’s Board.

At least once a year the Audit Committee is required to meet the external and internal auditors without executive Board members present, and the Audit Committee Chairman is required to attend the AGM and answer questions on the committee’s activities and responsibilities, through the Chairman of the Board.

Appointments and Remuneration Committee
Members: H. Anadkat (Chairman), D. Lungu, E. Mafeni

TNM’s Appointments and Remuneration Committee determines and agrees with the Board, the framework or broad policy for the remuneration of the Managing Director, Chairman, the non-executive Directors, the Company Secretary and other members of the executive management. The committee meets at least twice a year, and is made up of at least three members whose appointments are for a period of up to three years. If the committee member remains independent, their term can be extended for two further three-year periods.

The committee chairman (who cannot be TNM Board Chairman) is required to be an independent non-executive Director. No Director or manager can be involved in any decisions as to their own remuneration, and the remuneration of non-executive Directors is a matter for the Chairman and the executive members of the Board.

Finance and Procurement Committee
Members: E. Mafeni (Chairperson), H. Anadkat, J. Biziwick

The Finance and Procurement Committee is a three-person committee of the Board, directly responsible for discharging the Board’s responsibilities as they relate to finance decisions, procurement, internal procurement practices, controls and codes of procurement practice.

The committee meets at least four times a year and its role does not replace or replicate established management responsibilities and delegations of the Board. The committee reviews, develops and implements finance and procurement objectives annually and monitors standing contracts, loan covenants, borrowing requirements and procurement policies.

Members of the Finance and Procurement Committee are required to declare any interests that could constitute a real, potential or apparent conflict of interest with respect to participation on the committee.

The TNM Board determines TNM’s strategic objectives and policies to deliver long-term value and provide overall strategic direction within a framework of rewards, incentives and controls.

The Board is committed to ensuring that TNM conforms with the major principles of modern corporate governance namely, accountability, integrity, and transparency as contained in the King Code of Corporate Governance Principles and the King Report on Governance (“King III”), and the Code of Best Practice for Corporate Governance in Malawi. TNM’s unitary Board structure comprises seven non-executive directors whose responsibilities are set out in a formal charter.

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Registered Address

Telekom Networks Malawi Plc (TNM)Address:- Fifth Floor, Livingstone Towers
Glyn Jones Road
P. O. Box 3039
Blantyre, Malawi
Telephone:- +265 (0) 1 830 888

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Transfer Secretaries

National Bank of MalawiAddress:- Transfer Secretaries Section
Legal Department
P.O. Box 945
Blantyre, Malawi
Telephone:- +265 1 820 622

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