The Mongolia Telecom Company (MTC) was created in 1992 after the
Ministry of Communications
A Communications Ministry or Department of Communications is a ministry or other government agency charged with communication. Communications responsibilities includes regulating telecommunications, postal services, broadcasting and print media. T ...
from
communist
Communism (from Latin la, communis, lit=common, universal, label=none) is a far-left sociopolitical, philosophical, and economic ideology and current within the socialist movement whose goal is the establishment of a communist society, a s ...
times was restructured and phone services were
privatized
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
. The majority of shares in the company are still held by the state, 40% are owned b
KT (formerly Korea Telecom) and 5.56% are publicly traded.
Telecommunications companies of Mongolia
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