Timor Telecom
Timor Telecom, S.A. (TT) is an East Timorese telecommunications company, based in the national capital Dili. The company originally had a state monopoly on telecommunications in East Timor. The monopoly was lifted by the government in 2010 in response to overwhelming public opinion in favour of liberalisation. Shareholdings , the largest shareholder of the company (54.01%) was Telecomunicações Públicas de Timor, S.A. (TPT), which was controlled by Investel Communications, a Brazilian company owned by Timorese businessman , with partners and capital from the Middle East and China. The shareholders of TPT were Investel (76%), the Harii Foundation – Sociedade para o Desenvolvimento de Timor-Leste (linked to the Roman Catholic Diocese of Baucau) (18%), and Fundação Oriente (6%). Investel held a further 3.05% of TT via another company, PT Participações SGPS, S.A. The remaining shareholders in TT were the State of Timor-Leste (20.59%), VDT Holding Limited, a Macau-based c ...
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