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Domestic Telecommunications Provider, Telecom Fiji Ltd (TFL) is expected to merge the operations of two subsidiaries back under its main operations, it has been confirmed today.
This is said to be linked to the company’s recent restructure announcement, where it was expecting to send over 170 staff home.
“Well, the merger has been under discussion for a while now and is really why the company is looking at laying off some staff,” said Attar Singh, general secretary of the Fiji Post & Telecommunications Association, the union representing workers.
“They feel that with the current difficult economic climate, it might be better to pool together all their technical and administrative skills from their subsidiaries,” Singh told FijiLive.
Last week, TFL announced that it would undergo a business restructure in response to the impact of the current economic conditions but did not disclose how it would undertake this reform.
Today, TFL’s Group Manager Marketing and Public Relations Vanessa Kilner confirmed the merger was at the heart of the restructure.
“Yes, the merger plan is actually happening as part of the company transformation,” Kilner said.
“We are bringing parts of Xceed and Transtel back under the TFL banner. These are the services that are relevant to the TFL business for example the installation of telephone
lines in Xceed are coming back under TFL as well as the card service under Transtel.”
Xceed Pasifika Ltd, a wholly owned subsidiary of TFL, is a supplier of converged communications solutions while Transtel Ltd’s business includes making cards for financial transactions.
Both companies were set up in 2003 as a result of a major business transformation by TFL’s parent company Amalgamated Telecom Holdings.
Kilner said the return of Xceed and Transtel back to TFL had begun six weeks ago and should continue over the next few weeks.
