Celtel Tanzania - History

History

Celtel Tanzania came into existence in the country as the result of partial privatization of TTCL on February 23, 2001. This was one of the first steps towards full liberalization of the market. In the aftermath, CelTel International, at that time MSI, which has its headquarters in Amsterdam, Netherlands, together with Detecon from Germany, obtained 35% shares from the Government of Tanzania. Thus, the consortium (Celtel International and Detecon ) took over Board and Management control of TTCL and thus made it essentially an autonomous company. Celtel is currently owned by sub group originating from UAE.

Read more about this topic:  Celtel Tanzania

Famous quotes containing the word history:

    The whole history of civilisation is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.
    Walter Bagehot (1826–1877)

    Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.
    John Dos Passos (1896–1970)

    Every literary critic believes he will outwit history and have the last word.
    Mason Cooley (b. 1927)