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TCC pays TOP 1.2 Million Dividend to Government of Tonga Featured

Minister of Public Enterprises Hon. Poasi Tei (right) receiving dividend from CEO of TCC Mr. Rizvi Minister of Public Enterprises Hon. Poasi Tei (right) receiving dividend from CEO of TCC Mr. Rizvi

Nuku'alofa, 1 July 2016. Tonga Communications Corporation (TCC) has handed over a dividend cheque of TOP 1.213 million to the Government of Tonga who is the shareholder. This was the full and final dividend payment for the last financial year 2014-15.

This is the second consecutive year that they are paying a dividend in excess of TOP 1.0 million, and growing rapidly year on year over the last 05 years. The amount declared was TOP 1.5 Million and there were setoffs for pensioners salaries paid to Tonga Telecommunications Commission resulting in the net payment of TOP 1.2 M.

The profit of TOP 2.2 M achieved in the last Financial Year, this was after write-off of TOP 1.6 M worth of redundant legacy network equipment. TCC also contribute substantially towards the government revenue as one of the largest taxpayers, paying over TOP 4 M direct and indirect taxes and levies per annum.

TCC will be investing TOP 4.0 million this year towards the network expansion as they have already invested over $30 million in their network infrastructure in the last few years.

Meanwhile, the Minister of Public Enterprises thanked the TCC Board, Management, and all staff for the dividend payment, and he elaborated the government is pleased to receive the dividend and are able to contribute towards the development of the Kingdom.

-TCC

 

5 comments

  • Vaka Fonua
    Vaka Fonua Wednesday, 06 July 2016 15:50 Comment Link

    Aia ko Rizvi ia mo Viola 'Ulakai ne tuli ia pea papaa foki e fo'ime'a ia 'o tangilengila mai e ngalivale ia, pea na sii hoko atu ai pe ena ngaue.

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  • Mosese
    Mosese Wednesday, 06 July 2016 10:07 Comment Link

    'Oku 'ikai fe'unga ia mo koe Poasi 'a e me'a ko e tui noa'ia, ke tui ka Lavulavu 'o mou paloti ai ka Akilisi, ke tui ka Lavulavu 'o fakahaofi ai mei hono teu Impeachment. Ke tui ka 'Akilisi 'o si'i tuli ai e ongo Fa'e. Ko fe leva ho'o tui fakalotu 'au he ko e Faifekau koe.

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  •  fieilo
    fieilo Tuesday, 05 July 2016 21:54 Comment Link

    Tako ee ne si'i ngaue lelei pe a CEO Rizvi moe kau ngaue 'a e TCC 'o ma'u ai e fu'u tiviteni lahi ko 'eni. Kae tala ia 'e 'Akilisi mo Mateni koe CEO kovi mo fakausousa tokua.
    Fakamalo atu ka Poasi hono fa'a fata mai e 'uu sieke tiviteni 'a e ngaahi Poate 'o post mai 'aki, kae 'ai pe moke ki'i fakapikopiko hifo aa. Kae mahalo na koho 'aonga pe ia, he 'oku ke hala 'ataa moha contribution ki he sieke ko 'ena. Me'a 'ena 'oku ui koe "maafana he tupenu kehee."

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  • Ikani Selupe
    Ikani Selupe Tuesday, 05 July 2016 00:00 Comment Link

    Manatu'i Poasi mo e kau kengi Sovaleni mo Feao mo Piukala koe kii kakala koena oku fakataimi pe. Oua e fa pe kihe mafai pea afungi he koe 'uhaa ka 'e la'aa. Pea oku ikai ko kimoutolu ia kemou fakamaau'i e faihala ahai mo hai koe mea ia a Sihova. Koe atunga ena homou falala ki homou poto fakaetangata kuo longoa'a lahi e fonua.

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  • Sifa
    Sifa Friday, 01 July 2016 22:55 Comment Link

    Kia Poasi Tei
    'Oku kau koe 'i ha 'Eiki Minisita fofonga malimali, 'oku ke malimali tatau pe 'i he kovi mo e lelei. Ko e ngaahi lelei ena 'a e taimi 'oku ke fata mai ai e ngaahi fu'u sieke. Pea ko e ngaahi kovi ee ho'o tukuange ta'efakalao 'a e ongo Fa'ee mei hona lakanga he Letio Tonga, pea ko e 'e mo'ua ai e Pule'anga 'i ho'o fo'i laka koia, pea kou tui teke toe malimali ange ai.
    Ka ne ke nofo pe koe ho lakanga he lotu 'o malimali ai ki he tamasi'i ko Sisu.

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