The merger of Mozambique’s state-backed telecoms operators Telecomunicacoes de Mocambique (TDM) and mCel has been completed. The enlarged firm has been rebranded Mocambique Telecom and is operating under the new name Tmcel. The government hopes that the combination of its fixed line and mobile units will reduce operating costs and help promote converged fixed-wireless packages.
Tmcel is the country’s second largest mobile provider in subscriber terms behind Vodacom, while it also dominates the fixed line sector.
Mozambique,mCel, Mocambique Telecom (Tmcel, formerly TDM, mCel), Corporate/Financial, Mergers/Acquisitions