TCC profit surges in FY17/18; telco extends LTE network

13 Dec 2018

In an announcement posted on social media last week, Tonga’s Minister of Public Enterprises and the board of Tonga Communications Corp (TCC) have confirmed that the telco generated a profit of TOP1.2 million (USD518,000) for the 2017/2018 financial year (i.e. the twelve months ended 30 June 2018), compared to a net loss of TOP1.9 million in FY16/17. The telco attributed the turnaround in its fortunes to board and management changes and an overhaul of its product suite. Further, the company’s top-line would have been even higher if it was not for the impact of Cyclone Gita, which struck the islands in February 2018; the storm system caused losses of around TOP1.2 million and damaged assets worth a further TOP1.7 million.

In another recent development of note, TCC – which offers mobile services via its U-Call brand – has confirmed that its LTE network has gone live in Neiafu, Tonga’s second largest town, which is situated on the island of Vava’u. The new network went live last month – almost four years after the operator switched on its first 4G cell sites, which covered the Central Business District (CBD) of Tonga’s largest town, Nuku’alofa.

Tonga, Tonga Communications Corp (TCC, incl. U-Call Mobile)