TTCL’s chief executive says firm needs USD50m to turn business around

22 Aug 2011

Local newspaper The Guardian quotes Tanzania Telecommunications Company Limited’s (TTCL’s) chief executive officer Said Amir Said as saying that his firm needs more than USD50 million to improve its services. The CEO said last week the telco is operating independently and has started to make a profit, adding that under its strategic plan it hopes to ‘start operating effectively in 2013’. Speaking at a function to mark the signing of a contract with Maxcom Africa to sell TTCL vouchers through the latter’s 1,300 agents in Tanzania, Said said: ‘We are now doing well using available resources. We have invested a lot. We are in a process of getting the required capital to improve our services and ensure profit realisation.’

Tanzania, Tanzania Telecommunication Corporation