TCC Pays One Million Pa’anga as dividends to the Government Featured
Hon. Poasi Tei Minister of Public Enterprises Received Dividents from Aloma Johanson Chairlady TCC and CEO TCC CEO Mr. Rizvi Jurangpathy
Nuku'alofa, 9 July 2015. Tonga Communications Corporation, the Kingdom’s communications solutions provider paid its final instalment of the dividends for the year 2013-14 to its shareholder the Government of Tonga. TCC declared a dividend of T$ one million and that was paid in two instalments of T$ 500,000 each.
The dividend paid for the year is 20% higher than the previous year, hence maintaining a consistent growth in the dividends paid to the government.
The Minister of Public Enterprises Hon Poasi Tei thanked the Chairlady, the board of Directors, the management and staff for the performance and dividend paid. He also mentioned that TCC’s dividend was one of the highest paid by the public enterprises.
TCC Chairperson Ms. Aloma Johansson expressed her pleasure on the dividends paid. She assured the shareholder of driving the company towards a sustainable growth aligning to the national agenda.
TCC is committed to serve as a catalyst in establishing the national communication backbone and future IT infrastructure which will serve as the foundation of all other sectors she said. The company, whilst being able to operate profitably, has been able to provide connectivity to remote islands including the Niua’s and also affordable. Tonga today boasts to have the lowest call charges is the Pacific.
She also mentioned that this dividend is made to the government, and in turn for the people of this kingdom. TCC continued to grow its revenue despite challenges. The revenue growth was mainly due to continued growth in internet services not withstanding economic slowdown.
Also it was aptly supported by the continuous growth in data services which is the future of the mobile industry. This encouraging growth is a result of the continuous investments made in latest technology, capacity enhancements and coverage expansion providing the customer a better experience with TCC.
