Telecom

Tanzania Telecommunication Corporation Requests $77Billion From Government

The State-owned Tanzania Telecommunication Corporation (TTCL) has declared that it needs a $77billion capital injection from the Tanzanian Government to fund its plans to compete with its market rivals, including the dominant operator in the country, Vodacom Tanzania.

According to the latest information from the Tanzania Communication Regulatory Authority (TCRA), TTCL holds a market share of only 2%, while Vodacom Tanzania enjoys a healthy 32% market share and the country's second largest operator Tigo sits with a 29% market share.

The Board Chairman of TTCL, Omari Nundu, said that the company had drafted a five-year plan to e increase its market share, expand its network and compete on even ground with other operators.

The plan is scheduled to be actioned during the 2019/20202 financial year, and according to Nundu, if the telco receives the much-needed capital injection, it would be able to make more profit and pay a lot more dividends to the Government. He added that the goal is to reach a mobile subscription percentage of 15% in the very near future.

Tanzania's president, John Magufuli has said that he believes that all public servants who get paid communication allowances should subscribe to TTCL in an effort to boost the company's revenue growth and subscriber base.

He ordered TTCL's CEO Waziri Kindamba, to name all permanent secretaries and ministers who are subscribed to TTCL services.

According to the TTCA, Tanzania has seven mobile phone companies and over 43.621 million mobile phone subscribers.


Credit: This article originated from www.itwebafrica.com

 





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