Mauritius Telecom’s profit dips by 22% in 2013

13 Jun 2014

The management of Mauritius Telecom has announced the company’s financial results for the year ending 31 December 2013, according to Africa Money. The company reported a 6.1% increase in operating revenues to MUR8.5 billion (USD278.69 million) compared to the MUR8 billion generated in 2012, while revenue from the mobile segment was MUR3.6 billion, representing marginal 0.7% growth over the corresponding period of 2012. Mauritius Telecom stated that profit after tax reached MUR1.4 billion in the 2013 calendar year, a staggering 22% year-on-year decrease on the MUR1.8 billion generated in 2012. The group’s capital expenditure increased to MUR2.1 billion, up from MUR1.5 billion in the year-ago period.

In operational terms, Mauritius Telecom reported 781,775 mobile, 155,330 broadband (including nearly 69,000 My.T subscribers) and 352,231 fixed line customers. The company has also published the group’s outlook for 2014, with its main priority stated as infrastructure development. Mauritius Telecom plans to continue the deployment of a countrywide FTTH/B network to provide innovative high-bandwidth services for HDTV with up to 10Mbps broadband access to its customers; around 65,000 homes are expected to be passed by the network by late-2014. The company also aims to extend the footprint of its 4G Long Term Evolution (LTE) network and install a submarine cable link between Mauritius and Rodrigues.

Mauritius, Mauritius Telecom (MT)