Namibia's MTC reinvesting all profits this year in network

7 Jun 2012

Namibia’s largest cellco by subscribers Mobile Telecommunications (MTC) intends to reinvest 100% of its profits in its current financial year on expanding network coverage, particularly in rural areas, reports local newspaper New Era. MTC’s corporate affairs officer Tim Ekandjo said that in each of the last three years the operator has re-invested 80% of profits into the network and will raise this to 100% in its current fiscal year ending September. MTC has consulted with the governors of all 13 of Namibia’s regions to identify the areas most in need of coverage, to prioritise its rollout schedule, in an ongoing process, according to Ekandjo. The spokesperson said that the company already covers around 95% of the population (TeleGeography notes that MTC claimed 98% population coverage last year), while he added that 65% of Namibia’s territory is now under its cellular footprint. MTC offers services based on 2G GSM, 3G W-CDMA and 4G LTE (launched commercially last month in the capital, Windhoek).