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General

TTCL given more time to list on bourse

Monday 23 January 2017 | 09:47 CET | News
State-owned Tanzania Telecommunications Company (TTCL) has been allowed more time to list on the Dar es Salaam Stock Exchange, as almost 90 other firms face withdrawal of their licences after they failed to meet a turn-of-the-year ultimatum to present their flotation documents, the EastAfrican Weekly reported. TTCL said it was advised by the Capital Markets and Securities Authority (CMSA) to restructure its operations after the government took full control of the company six months ago upon acquiring a 35 percent stake from Airtel.

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Categories: General
Companies: Airtel / TCRA / TTCL / Viettel / Zantel
Countries: Tanzania, United Republic of
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