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"Through continued improvement of service, growth in subscribers and expansion of its existing mobile network capacity from current core capacity of 1 million subscribers to 1.5 million subscribers by 31 December 2009, TNM offers investors potential for both capital and dividend growth."
Dear Investors
TNM is proud to be an integral part of Malawi's economic growth and development through the telecommunications sector.
TNM has recently embarked upon an ambitious expansion programme to grow and promote telecommunications services accessibility in Malawi and, through the Malawi Stock Exchange, we have shared this growth opportunity with our broader investment community, our stakeholders and our staff. With everyone's support we have successfully raised over MK2.4bn of new share capital which will be applied directly into continued improvement and expansion of our telecommunications services.
Our IPO, so strongly supported by you, marks the commencement of a new growth phase in TNM and with our strong Malawian brand, strong balance sheet, confidence in the future of telecommunications in Malawi and dedicated team, our mission is to ensure that this growth opportunity comes to fruition.
We are using our website www.tnmInvestor.com as the prime information dissemination platform for your company and if you are not already part of the 1,300 registered users on our website, I invite you to register now to be kept up to date with all developments in TNM and access all the information you need to assess the performance of your hard-earned investment.
Our investment motto "dividends and growth" and "always with you" adequately describes the opportunities presented to you both as a shareholder and customer. It therefore gives me great pleasure to welcome you as an investor in TNM.
Sincerely Prof. Mathews Chikaonda Chairman
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