Telecom Namibia (TN) has revealed a plan to earn NAD1.35 billion (USD175 million) in annual revenues by 2010, up 27.4% from the NAD1.06 billion recorded in its most recent fiscal year ended September 2007, reports allAfrica.com. TN managing director Frans Ndoroma is targeting phasing out ‘most’ of its legacy systems, whilst giving priority to newer technologies such as ADSL, WiMAX, CDMA and Metro Ethernet as well as the rollout of an IP/MPLS transport network. Currently, traditional fixed line voice telephony remains TN’s core revenue earner. The deployment of the telco’s IP network reached a major landmark earlier this month with the countrywide migration of ADSL and ‘Infinitum’ corporate broadband services onto the new platform. Also this month TN announced that it had expanded its ADSL coverage to Omaruru, Karibib and Usakos, bringing the total number of cities and towns with ADSL access to 22. TN invested a total of NAD489 million in the year ending 30 September, and Ndoroma said the firm spent NAD346 million in re-engineering national infrastructure in 2007. The company expects CAPEX to level off in 2009 and decrease after 2010. TN also has shares in two foreign ventures, namely Mundo Startel in Angola and CommuniTel, which forms part of Neotel, South Africa’s second network operator. Its investment in South Africa to date amounts to NAD48 million, with NAD95 million spent so far in Angola. Neotel has already launched commercial services, whilst Mundo Startel is expected to launch its services in the third quarter of this year.