ICL pays VT118M dividends to shareholders

Interchange Limited (ICL) presented a VT118 million cheque as its dividends to its shareholders yesterday.

“This cheque represents the dividends for the first six months of 2024,” Jean Marie Duffau, Chairman of the ICL Board, said as he thanked the stakeholders who attended the presentation ceremony.

“Interchange Limited has a Public-Private Partnership (PPP) between the government and the private sector.

“Thank you to all shareholders and the government for their trust and investment in this company over the years. Thanks to the private sector, the board of directors, the General Manager, and the staff. This is a team effort.

“Paying this dividend means the company is in good hands and well-managed,” he said.

“We have many projects ahead, like the Tam Tam Cable and AelanSat, to develop and increase sales. We hope to continue this tradition of dividend payments for many years.”

The Director General (DG) of the Prime Minister’s Office (PMO) Cherol Ala, also expressed her gratitude. “ This occasion demonstrates that ICL is a growing, profitable company. I want to thank the board members and management for this achievement,” she said.

Prime Minister Salwai commended the company’s management and ongoing collaboration with the government, particularly the chairman, and board of directors.

“Today’s dividend payment is evidence that the company is healthy and operating well, despite many other companies being unable to pay dividends,” he said.

“I thank the board members, Chief Executive Officer (CEO), management, and the team for your continuous positive collaboration with the government in developing the Information and Communications Technology (ICT) infrastructure in the country.

“The positive partnership has led to significant ICT developments and today’s dividend payment.

“On behalf of the government, I reiterate that our collaboration will continue, especially in advancing ICT through the submarine cable projects like the Tam Tam Cable, work is progressing well, and we look forward to future developments.”

The PM also extended his gratitude to telecommunication companies using ICL services and acknowledged all ICL shareholders. “Let us continue to work together to advance the development of ICT,” he said.


Original posted in Daily Post