MTC signals move into regional markets
Telecommunications operator Mobile Telecommunications Company (MTC) is eyeing expansion beyond Namibia, citing growing demand for its services from regional markets.
This was revealed by MTC managing director Licky Erastus, who said the company’s sustained investments in infrastructure had begun to generate interest from outside the country. Erastus shared the company’s expansion outlook during the presentation of its financial results this week.
Discussions ongoing
“For the past few years, we have been engaging with those who require services. You will note that I spoke about a data centre that will be set up, and you will also note in the report that we had a significant investment in our fibre backbone. This all evolves from conversations we are having with our neighbours, where they need services from MTC,” Erastus said.
He, however, stopped short of providing specific details on which markets the company is targeting.
Keeping his cards close to his chest, Erastus said the mobile operator would reveal more about its expansion plans at a later stage, noting only that there is measured demand for its services outside Namibia.
“At this stage, I cannot disclose much, but we are busy with a feasibility study, we are engaging the relevant stakeholders, we are receiving feedback from them, and during the course of the year we will announce where we are setting up,” he said.
A look at the numbers
For the financial year ended 30 September, MTC’s total income grew by 14.24% to N$3.7 billion, driven by strong demand for high-speed data and value-added mobile services among prepaid and enterprise customers.
Earnings before interest, tax, depreciation and amortisation (EBITDA) margins improved from 45.9% to 49.1%, with nominal EBITDA rising by 22.3%, reflecting robust revenue growth and disciplined cost management.
“Direct costs declined by 7.4% due to the absence of the prior year’s Communications Regulatory Authority of Namibia (CRAN) levy, while personnel costs rose by 17.2% and general administration expenses increased by 4.4%, aligned with structural realignments, economic trends and capacity expansion to support the Group’s growth trajectory,” MTC said in a trading statement.
MTC reported a profit after tax of N$1 billion.
This was revealed by MTC managing director Licky Erastus, who said the company’s sustained investments in infrastructure had begun to generate interest from outside the country. Erastus shared the company’s expansion outlook during the presentation of its financial results this week.
Discussions ongoing
“For the past few years, we have been engaging with those who require services. You will note that I spoke about a data centre that will be set up, and you will also note in the report that we had a significant investment in our fibre backbone. This all evolves from conversations we are having with our neighbours, where they need services from MTC,” Erastus said.
He, however, stopped short of providing specific details on which markets the company is targeting.
Keeping his cards close to his chest, Erastus said the mobile operator would reveal more about its expansion plans at a later stage, noting only that there is measured demand for its services outside Namibia.
“At this stage, I cannot disclose much, but we are busy with a feasibility study, we are engaging the relevant stakeholders, we are receiving feedback from them, and during the course of the year we will announce where we are setting up,” he said.
A look at the numbers
For the financial year ended 30 September, MTC’s total income grew by 14.24% to N$3.7 billion, driven by strong demand for high-speed data and value-added mobile services among prepaid and enterprise customers.
Earnings before interest, tax, depreciation and amortisation (EBITDA) margins improved from 45.9% to 49.1%, with nominal EBITDA rising by 22.3%, reflecting robust revenue growth and disciplined cost management.
“Direct costs declined by 7.4% due to the absence of the prior year’s Communications Regulatory Authority of Namibia (CRAN) levy, while personnel costs rose by 17.2% and general administration expenses increased by 4.4%, aligned with structural realignments, economic trends and capacity expansion to support the Group’s growth trajectory,” MTC said in a trading statement.
MTC reported a profit after tax of N$1 billion.
