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Home Africa

Mozambique Telecom is the new state-owned company resulting from the merger of TDM and Mcel

FurtherAfrica by FurtherAfrica
January 21, 2019
in Africa, Communications, Infrastructure, M&A, Mozambique, Telecom
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There is already a company resulting from the merger of the former Mozambican Telecommunications (TDM) and Mozambique Cellular. It’s called Mozambique Telecom, or simply Tmcel.

The merger of TDM and Mcel was a decision taken by the Council of Ministers in the second half of 2016. The decision was intended to rescue two state companies on the verge of bankruptcy due to lack of sustainability and high debts.

The operationalisation of the decision would imply the sharing of financial, technological and human resources, business management and facilities. But before that, an executive committee had to be set up to run the merger. Rafique Jusob was entrusted with the mission of directing the board of directors of the two companies and merging them.

The plan foresaw that the merger would be completed by December 2018. Now, in January 2019, the new company has a website showcasing its new image, with Mcel’s yellow predominating.

Tmcel’s slogan is “Together we communicate and we develop Mozambique”. Customer focus, integrity, innovation, excellence, good governance and sustainability are Tmcel’s new pillars.

Source: O País via Club of Mozambique

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Tags: mcelMozambican TelecommunicationsMozambiqueRafique JusobTDMtelecomTmcelмозамбикموزمبيقモザンビーク莫桑比克
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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