Wpid Money Growth

Namibia’s digital enabler, Mobile Telecommunications Limited (MTC) recorded 2.7 billion Namibia dollars (182 million U.S. dollars) in revenue, a 2.66 percent increase from last financial year, the company announced Thursday.

The increase is owed to the company’s strategic response to the market’s evolving needs, cost containment and improved customers’ experience, resulting in customer base growth and increased data revenue, MTC’s CEO Licky Erasmus said in Windhoek.

“MTC’s balance sheet remains healthy, with no gearing and sufficient cash to maintain the quality of its network, pay attractive dividends, and fund its growth strategy,” he added.

Furthermore, the digital enabler recorded an increase of 2,575,000 active subscribers, from 2,524,000 last financial year.

According to Erasmus, MTC will continue with its broad themes of revenue growth, market leadership, customer experience, operational efficiency and its growth strategy.

“At the core of our strategy is the adherence to a customer-centric culture, and a drive to digitally transform our current and future customers’ experience,” he added.

Erasmus meanwhile said the company now enjoys a 91 percent mobile market share. Enditem

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