Vodafone Fiji: revenues, net income up in FY2006/07

30 Jul 2007

Vodafone Fiji reported an 18% rise in revenue in the full year to 31 March 2007 and a 24% hike in net earnings, thanks to growth in all revenue segments, except fixed line to mobile calls which fell following a substantial reduction in termination rates by the Commerce Commission. The company said its growth was also achieved despite a 70% reduction in pre-pay peak rate charges. The company did not provide details of its revenue and net earnings figures for the year, but it did report an unprecedented net subscriber growth of 78,617 (38%) in the year, lifting its total to 284,661 by 31 March. A spokesman for the company said Vodafone has been investing in the rollout of new equipment which will increase pre-pay capacity and base stations. Vodafone installed its 116th base station at South Ridge, Nadarivatu earlier this year and continues to focus on increasing its rural coverage as well as taking access to tourist resorts on outlying islands.

Fiji, Vodafone Fiji