Mozambique’s state-owned telecommunications company Telecomunicações de Mozambique (TdM), which is making a loss, has been frozen in time and is unable to position itself in the current competitive market, the Minister of Transport and Communications said in Maputo Friday.
Minister Carlos Mesquita, who was speaking at the end of a visit by Prime Minister Carlos Agostinho do Rosário, said the company had resources that needed to be well managed to reverse the current loss-making situation and called for TdM to restructure in order to operate in a competitive market.
At the time, the minister said the project to merge TdM with state mobile phone company Moçambique Cellular (mCel), which also is in a difficult economic situation, needed to move forward.
“We can start thinking about sharing infrastructure to reduce operating costs,” advised the minister, adding that attention should be paid to investments “because TdM has been frozen in time and is unable to position itself in a competitive market,” according to Mozambican news agency AIM.
Virtually all public companies, Moçambique Celular, airline LAM and now TdM, visited by the Prime Minister are currently making a loss, which has been a concern for the current government. (macauhub/MZ)