Mozambican public telecoms companies Moçambique Cellular (MCel) and Telecomunicações de Moçambique (TDM) will be merged, in future, into a single entity, the spokesman for the Council of Ministers said on Tuesday in Maputo.
Mouzinho Saide, who is also deputy health minister, said that to move ahead with this decision the government decided to set up a commission to create necessary conditions for the merger of the two companies.
The new company “will be provided with technical, financial and human resources to respond to market requirements and will converge fixed and mobile voice services, data and Internet,” said Saide.
The spokesman said the Cabinet had not set a deadline for the commission to submit a report, but said it will work with the boards of the two companies and the Institute of State Shareholdings Management (Igepe) “to present a proposal that is feasible.”
Figures released in 2015, on the occasion of visits by Prime Minister Carlos Agostinho Rosario, showed that TDM alone needed US$500 million to overcome its financial crisis. (macauhub/MZ)