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TelOne Customer Base Grows By 8.8%

Telecom

TelOne Customer Base Grows By 8.8%

It feels like everyone has migrated to using their smartphone for everything. So, how many people still use a landline phone in 2018?

The short answer is more than you’d think. Or, at least, it turns out more people still use a landline phone than we would have guessed.

In a statement last Friday, TelOne said subscriber base grew by 8.8 % in 2017.

“Growth in broadband drove the overall revenue performance for TelOne. Broadband revenue grew by 36% and reached $45 million in 2017 as compared to $33 million the previous year. The company’s subscriber base grew from 80 745 subscribers in 2016 to 87 851 subscribers in 2017 marking an increase of 8,8%.” Telone said.

The growth in numbers also contributed to the increase in broadband revenue.

“Growth in broadband drove the overall revenue performance for TelOne. Broadband revenue grew by 36% and reached $45 million in 2017 as compared to $33 million the previous year.” Telone added.

However, the increase in subscribers, the company’s voice revenue in the period under review dropped by 6% translating to 9% decline in voice revenues, which has always been blamed on the over the top services.

“The company’s profitability at EBITDA level improved by 47% growing from $14 million to $20 million. The improved performance was achieved through cost containment and broadband growth. The company is also pleased to announce a 42% reduction in operating losses (earnings before interest and tax) from $12 million in 2016 to $7 million in 2017,” TelOne said.

As you know, mobile subscriptions outnumber landlines by a significant amount. This is easily understandable, as most people will have their own individual mobile phone, yet it is rare for more than one landline to be installed in a non-commercial building.

When not expelling tech wisdom, Rutendo feeds on good stories that strike on all those emotional chords. She loves road trips, a good laugh, and interesting people.

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