BLUE BALAA,
Thanx for this vital thread to be discussed by Great Thinkers.
Let me say this concerning TTCL,The Tanzania Telecommunications Co. Limited being one of the giant Telecommunication companies in Tanzania despite being disregarded by the Government.
What is happening in TTCL now has no difference to what is happening in other Parastatol Organizations in Tanzania. Look at TANESCO, look at ATCL, look at TRL, look at NIC, etc etc. There is no difference at all. Every Organization is in a very bad shape financially, economically and operationally. But who is behind all these mess up in our Organizations? It is the GOVERNMENT; I am saying this with big letters to insist my point.
FOREIGNERS coming in the name of INVESTORS in collaboration with Greedy and Corrupt government officials are KILLING OUR ORGANISATIONS,TTCL included.
We can remember very well back in year 1995 when the Government under CCM introduced the so famous Policy of PRIVATISATION in Tanzania. The policy was implemented with a supersonic speed whereby all Parastatols were privatized to FOREIGNERS like nobodys business. Initially the Policy stated that only those LOSS making Organizations were to go private.
Besides the gear was changed or engaged to another direction. The Policy was directed to PROFIT making corporations like NBC Bank separated to NMB/NBC, TTCL,TBL, CEMENT Factories like Tanga Cement,Twiga Cement etc,etc.
Now,back to TTCL. It was in 2001 when the so called STRATEGIC INVESTORS going by the name M/S MSI/DETECON took over TTCL. They took over TTCL by that time making a huge profit CL turnover was 90Billion Tshs. Per annum. The MSI/DETECON agreed to pay 120m/-USD equivalent to 120Billion. Tshs , by that time (1 USD =1000 Tshs 120B/-to acquire 35% shares in TTCL.They first paid half amount at 60B/-Tshs before entering TTCL offices and promised to pay the other half after entering TTCL offices.That was a cheat to the government. Immediately after they grabbed office they just started a dilly dallying of payments. Do you what they last paid? It was only 4.5/- USD equivalent to 4.5 B/-Tshs.That was the end of the story. Instead of paying 120B/-Tshs they ended paying a total of 64.5B/- I am not sure if by that Time the ICC was not there!
After paying the 64.5 Billion T.shillings they assured the Government that all the monie paid for shall be invested in expanding TTCL network i.e TTCL infrastructure to increase the customers Base. In year 2001 the TTCL customer stood at 250,000 for both Data and Voice. The investor promised to increase the same to 805,000.
Everybody knows what really happened. These guys were conmen! Instead of expanding TTCL network and Customer base as they agreed as per MOU between Government and MSI/DETECON, they just started a MOBILE company within TTCL going by the name of CELTEL by capitalizing on TTCL resources! Initially they said the same company CELTEL shall be owned by TTCL 100%. But as time goes on it was revealed that CELTEL was owned by MSI/DETECON 100%.It was then baptized with a new name as CELTEL INTERNATIONAL , after few years it was changed to ZAIN and now AIRTEL. It is known that Zain was owned by Government at 40% while the other 60% owned by Celtel International. It is very interesting to note that during the sale of ZAIN share by 100% to AIRTEL at a tune of almost 10Billion USD (NOT MADAFU)theTanzania Government was not involved/informed despite the 40% share they own in Zain. NO BODY QUESTIONED THIS RUBBISH, NEITHER IN OUR MJENGO AT IDODOMYA NOR IN THE ICC COURT!!!!!!!!!REASONS? Best known to JK and his CABINET!!
The TTCL story doesnt end here,it still continues. From reliable sources it is said that the same CELTEL/ZAIN owners in collaboration with Government officials they put a condition that TTCL NOT BE ALLOWED GO MOBILE as they,TTCL shall paralyze other MOBILE OPERATORS in Tanzania especially ZAIN. You may notice that in ZAIN the following big heads have a good number of shares: SALIM AHMED SALIM, ROSTAM AZIZI, JOSEPH SINDE WARIOBA,MO IBRAHIM,EDWARD LOWASSA and JK !
As that is not enough, The Tanzania government owes TTCL about 7 billion Tshs. BUT the Government is reluctant to settle the debt!!Reasons??The government coffers have no monie!!???But they are ready to pay the Ghost RICHMONDULI alias DOWANS Company a total of 94/= billion Tshs.
The TTCL story still continues
I shall come later.