How TTCL ended 2016/17 on a high
What you need to know:
The company recorded a profit after tax of Sh28.5 billion and issued Sh1.5 billion as dividend to the government.
Dar es Salaam. One of the businesses that increased profit to the state-owned telecom, Tanzania Telecommunication Corporation (TTCL) for 2016/17 was trading with neighbouring countries especially in the ICT backbone.
TTCL director general Waziri Kindamba said yesterday that they were supplying the national fibre cable network to land-locked countries such as Malawi, Zambia, Uganda, Rwanda and the Democratic Republic of Congo (DRC).
The company recorded a profit after tax of Sh28.5 billion and issued Sh1.5 billion as dividend to the government.
“Even Rwanda which is believed to be superior in terms of the Information and Communication Technology (ICT) depends on our national fibre cable,” he said.
The corporation also said that its serious campaign to collect outstanding arrears was another reason for the profit. “This is a milestone because last time we suffered a loss of Sh19 billion. This profit has been earned after adopting major reforms with a view to improving the performance of our corporation,” he added.
Mr Kindamba added that they would continue to improve efficiency on TTCL service in order that they can be accessible in urban and rural areas.
Currently, TTCL market share in the telecom industry stands at 1.1 per cent with the number of customers reaching 800,000.
