Malawi Telecommunications Limited (MTL) was registered as a limited company in 2000 when government decided to split the parastatal Malawi Posts and Telecommunications Corporation (MPTC) into two entities, MTL and Malawi Posts Corporation (MPC) to allow the two to concentrate on their core businesses separately. In 2005 government through the Privatisation Commission finalised the privatisation of MTL. This was done in order to develop telecommunications further in the country to allow more Malawians access to communication services. The privatisation of the entity would also ensure that the company accesses a wider range of financial and technical resources. With its headquarters at Lamya House along Masauko Chipembere Highway in Blantyre, MTL is owned by a shareholding of Press Corporation as the majority shareholder with 52.7%, Old Mutual with 16.1%, Nico Holdings with 9.0%, Investment Alliance with 2.2% and the Malawi Government holding 20%. The company employs approximately 552 employees through its six major departments of Commercial, Technical, Finance, Administration, Corporate Divisions. MTL offers a wide range of Information and Communications Technology (ICT) based products and services. It offers fixed wireline and fixed wireless voice and data products and services to residential and business customers.