TTCL meaning in Business ?

Answer:

What is Tanzania Telecommunications Company Limited mean?

Tanzania Telecommunications Corporation, formerly Tanzania Telecommunications Company Limited (TTCL), is the oldest and largest fixed line telecommunications company in Tanzania. The company comes forth from the former Tanzania Posts and Telecommunications Corporation in 1993. TTCL was wholly owned by the Government of Tanzania until the partial privatisation of the company on 23 February 2001.

TTCL is governed by statute—the Tanzania Telecommunications Act of 1993. The company is licensee for fixed basic telephone services in Tanzania mainland and Zanzibar and hence it owns and operates the public switched telephone network in mainland Tanzania and on Zanzibar. Before the coming of mobile operators in late 1994, the company was enjoying monopoly on Tanzania Mainland and a duopoly on Tanzania Zanzibar, where Zanzibar Telecoms Limited (Zantel) was the second licensed fixed basic telephony operator. The company has been in several joint managements due to its financial instability in the past and has gone through several restructuring phases.

It has been working with Huawei Technologies Co. Ltd as the infrastructure vendor of the company and Ericsson as a long-term strategic supplier of the company.

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