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TCC Expressions of Interest
There have been a number of press advertisements regarding the proposed sale of shares in Tonga's larger Telecommunications business, TCC http://www.tcc.to. There are of course a lot of unanswered or untendered questions about the validity of holding shares in Tongan companies, as there is no liquid market for disposing of these shares and therefore brings to question whether one can really put a valuation of any shares.
This liquid market problem is the major problem banks have been having for years when people want to take out loans with their properties as security. Great, now the bank secures a $20,000 loan on a huge plot of land when only two or three people are likely to be interested in land that size, leading to banks having on their books sizeable amounts of property which they eventually have to let go to some enterprising person who snaps it up at less than the bank wants, but more than they've been getting.
The TCC expressions of interest lead us to a little experiment(?) last week, when driving through Houmakelikao you get a face full of telephone cabling that's just hanging across the middle of the road.
I'm about to pick up my TCC activated mobile phone to call TCC to report the problem when I thought this would be a good time to gauge a few things about this TCC Expressions of Interest.
How interested have TCC made their domestic customers, to report problems with their phone lines. How interested is the TCC infrastructure in resolving bleeding problems.
Monday morning and the cable has snapped, leaving one cable strewn across the road. Which, presumably means that either a TCC customer no longer has phone service, or they've been previously disconnected anyway, so no-one is interested in reporting the problem to TCC.
So, the cable that's supposed to be up high on the pole is now low enough that an enterprising 'hacker' can just take a machete to the whole thing and totally disconnect a lot more people. But I wonder if anyone will notice ?
Monday the 2nd week of the line being down, and the cable is still down. I guess, at least at Houmakelikao, there's less interest in TCC or is it the other way around ? TCC has less interest in Houmakelikao ?
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