Prime Minister James Marape has today commended Telikom for paying a K3 million dividend to the State for the 2021 financial year.
In doing so, the Prime Minister also congratulated holding company Kumul Consolidated Holdings (KCH) and State Owned Enterprises Minister Hon William Duma for successfully guiding Telikom to reach this mark.
PM Marape said this was the result of reforms done three year’s ago under his government in the10th Parliament.
“This is the result of what we have been doing resulting in Telikom making a turn around after many years of losses and now moving into profit,” said PM Marape.
“We embarked on a reform agenda with all our State-Owned Enterprises three years ago and it is good that we starting to see fruits of our reform.
“Having said that, there remains much work to be done in Telikom as well as in others a well,” he said.
The SOE this week paid the K3 million dividend to KCH for the first time. Telikom and Bmobile had a merger in 2021.