Tanzania: Ttcl Presses Revival Button . . . Telecoms Firm to Invest 1.7tri/-, Retrench 550 Employees

TTCL Corporation has embarked on a restructuring drive that will see over 550 employees retrenched and 762 million US dollars (over 1.7tri/) invested in the next five years.

TTCL Board Chairman, Omar Nundu told the Parliamentary Public Investment Committee (PIC) here yesterday that under the envisaged investment, the corporation seeks to expand its network countrywide and increase its market share, which is currently negligible.

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