Connect with us

Techunzipped NewsNews – Techunzipped news offers the latest Zimbabwe Technology news, Daily Technology News in Zimbabwe, news online, South Africa Technology News, technology news as well as international breaking news

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.

Continue Reading

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

More in Telecom

ok

Facebook

Trending Posts




To Top
x