Workers acquire 10% stake in Mozambique’s TDM

18 Mar 2014

According to unconfirmed local press reports, management, technical personnel and other workers at state-owned Telecomunicacoes de Mocambique (TDM) have acquired 10% of the state-owned company’s share capital. Under the terms of a decree covering TDM’s transition from a public company to a limited liability company, a maximum 20% stake was made available by state shares-management agency the Instituto de Gestao das Participacoes do Estado (IGEPE).

Mozambique, Mocambique Telecom (TMCEL, formerly TDM, mCel)