Mozambique: Government to forge ahead with three new 'urban centres' in three provinces
TDM and Mcel to sell real estate assets – Mozambique
1:25 CAT | 30 Aug 2018
Photo: A Verdade
Mozambique Telecommunications (TDM) and Mozambique Cellular (Mcel) last Tuesday celebrated the signing of a consultancy contract with Broll Mozambique over the disposal of real estate assets deemed as non-essential for business.
The contract is to evaluate these assets and to propose a strategy and implementation plan to maximise the return on the sale of the assets.
Mr Mahomed Rafique Jusob Mahomed, chairman of the TDM-mcel Board of Directors, wants to convert non-essential real estate assets to finance key activities in the transformation of TDM-mcel, particularly improvements in the quality of the network and the resizing the workforce, especially in TDM.
Josub said that the first stage of the process was to monetise idle assets. The second stage – effective technological innovation – was in preparation, he said.
“This is an important move in response to the challenges of resizing the workforce and optimising business activity,” he said.
Broll Mozambique chairman Rui Monteiro stressed that the real estate agency had consistently based its operations on its work ethics.
“We are now creating an association of real estate agencies in Mozambique, in the face of the excesses that exist in the sector, to lend a more serious character to the profession and the real estate industry generally,” he said
“I am sure that TDM and Mcel will be greatly enriched, and we will do our utmost to meet their expectations,” he concluded.
Source: A Verdade
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