Tanzania: Telecom Firms Dash to Meet Share Listing Deadline

Mobile phone companies are struggling to meet a government deadline for them to list their shares on the local market by the end of the year, industry sources said, leaving them facing the prospect of being fined or having their network operating licences suspended.

The country's eight operators are required by law to have 25 percent local ownership by Dec. 31. They include Vodafone subsidiary Vodacom, Millicom subsidiary Tigo, and a local unit of India's Bharti Airtel.

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