TTCL announces major initiative to improve network, services

10 Aug 2009

The management of national fixed line operator Tanzania Telecommunication Company Limited (TTCL) has announced it is looking to purchase new equipment in an effort to improve its networks and services. The operator’s incoming CEO Said Amir Said is quoted as saying that TTCL has hired a consultancy firm to draw up a new business plan for the telco. Mr Said told the local Citizen newspaper that his company is seeking loans from two Chinese banks and a local bank to finance its operations. The institutions involved are the Chinese Development Bank, Industrial Commercial Bank of China and the National Microfinance Bank. The loans will be used to buy new equipment from China as well as to underpin the operator’s operating costs.