The state-owned telecommunications operator Mozambique Telecom has announced it will sell several of its assets, including vehicles and other equipment, through a public auction starting on April 25. The initiative is part of a nationwide asset disposal process.
According to local newspaper Ngani, interested parties can consult the full list of available assets and their minimum bid values at Tmcel premises located on Angola and Lusaka Agreements avenues in Maputo, as well as at the company’s provincial offices.
For a more detailed assessment, public inspections of the assets will take place between April 13 and 24, during normal working hours (08:00 to 16:00). The company warned that failure to carry out inspections may result in purchasing assets without prior knowledge of their actual condition.
The sale will be organized in lots, and the bidding system requires participants to submit their offers via coupons, which will be placed in ballot boxes during the session. Winning bidders must make an immediate payment of at least 10% of the final bid value, which will not be refunded in case of withdrawal.
According to the announcement, the auction is scheduled for April 25 at 09:00 and will take place simultaneously in Maputo and at Tmcel’s provincial offices. “For further clarification, interested parties may contact the company’s Logistics Department, based in Maputo, or its provincial services. Tmcel emphasizes that all assets will be sold as-is, with no additional guarantees,” the statement concluded.
In 2024, the operator recorded losses of 66.2 million USD, double the negative result of the previous year, according to the company’s financial report. In 2023, losses stood at 31.6 million USD, reflecting a recovery compared to 2022, when Tmcel posted losses of nearly 64.7 million USD.
Despite the negative net result, Tmcel increased the number of active mobile customers, rising from 717,052 in 2023 to 841,171 in 2024. However, it recorded a decline in fixed-line connections, which fell from 27,562 to 25,363.
Tmcel is majority-owned by the State, holding 66% of the share capital, followed by the Institute for the Management of State Holdings with 26%. The latter intervened in the company’s management in March 2023, launching a revitalization plan approved two months later to reverse its negative performance.
Established in December 2018, Tmcel resulted from the merger of the former Telecomunicações de Moçambique and Moçambique Celular, with the aim of creating a single, competitive, and sustainable entity in the telecommunications sector. Currently, 8% of the company’s share capital is held by former employees of TDM and Mcel.
Source: Diário Económico
