Telecom

Mali: Workers own 10% of operator Sotelma from now on

Thursday, 15 October 2015 08:07

The workers of the telecommunications company of Mali (Sotelma), the national telecommunications operator in the country, have finally taken an effective share in the capital of the company. Since 2009, date of privatisation of the State company which transferred 51% of its shares to Maroc Telecom for FCFA 180 billion, the 10% reserved for them in the privatisation contract was postponed in taking effect. On 8 October 2015, during a general meeting, the National Union of Telecommunications (Syntel) once again confirmed the good news to the workers.

During the meeting, the union challenged Sotelma workers on the need for a change of behaviour to make the company more productive, and to profit from higher dividends at the end of the financial year. Moreover a tour was organised in the regions to sensitise the workers of the company on behaviours to be banished. According to customer services at Sotelma, it means "turning a back on bad behaviour : theft, all forms of fraud, absenteeism, getting back to work and doubling efforts, adhering to the company's values, not exposing the company, fighting against waste to contribute to the radiance of Sotelma in the sub-region".

With the new redistribution of shares in the historical telecommunications operator, Maroc Telecom remains the leading shareholder with 51% shares. 20% of the shares are held by local investors, the State has 19% of shares while the employees own the rest.

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