Telecom Namibia posts fiscal 2010 report

4 May 2011

Telecom Namibia has announced a 2.6% increase in its revenues for its full fiscal year ended 30 September 2010 to NAD1.16 billion (USD174 million), with growth coming from the broadband segment. Operating profit rose by 77% from NAD59 million in the previous financial year to NAD104 million, largely attributable to savings made in the cost of distributing the company’s products and services, a statement from the company said. Profit after tax improved from NAD25.5 million in FY09 to NAD69.7 million in the period under review. In fiscal 2010 investment amounting to NAD159 million was made towards domestic infrastructure development. Projects carried out included the building of the WACS submarine cable landing station at Swakopmund, of which the construction work was completed and the first batch of equipment is currently being installed; and the continuing expansion of broadband services based on ADSL and WiMAX access technologies. During the year the telco also upgraded its South Fibre Ring transmission link from STM-16 to STM-64 capacity, and carried out the deployment of a new aerial fibre route between Nudaus and Sesriem.

Namibia, Telecom Namibia (incl. TN Mobile)