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Namibia: TELECOM Eyes N$1,35b By 2010
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The Namibian (Windhoek)
15 April 2008
Posted to the web 15 April 2008
Windhoek
TELECOM Namibia says it is aiming to achieve an ambitious target of N$1,35 billion in revenue by 2010 and to emerge as a fundamentally strong ICT service provider through its extensive investment in next generation network (NGN) infrastructure.
Speaking in Windhoek on Friday, Managing Director Frans Ndoroma said the country's telecommunications giant, which is looking forward to a speedy all-round growth with special thrust on NGN products and services, also has targets to phase out most of its legacy systems and to grow revenue by 27,4 per cent within the next three years from the N$1,06 billion recorded in the 2006-2007 financial year.
"We have embraced the target of N$1,35 billion for 2010," Ndoroma said.
Currently, fixed-line voice communication remains Telecom Namibia's cash cow, but the company is innovating and changing to accommodate evolving technologies and the shifting competitive landscape Ndoroma said to achieve the revenue target the main thrust is increased spending on public network equipment and higher spending on new services and products in support of enterprise and public network equipment.
He said priority was being given to broadband technologies as well as the rollout of the state-of-the-art IP/MPLS transport network.
The deployment of the latter reached an advanced stage this month with the countrywide migration of ADSL and Infinitum Internet services onto this network.
It is predicted that a continued growth in broadband and wireless services will fuel an increase in wireless subscribers and increased average revenue per user from content (entertainment) and other non-voice wireless applications within the next three years.
According to Ndoroma, the company is determined to build itself as a fundamentally strong and growth-oriented ICT service provider as per its strategic roadmap towards 2010.
"The six months to date for the 2007-2008 financial year clearly indicate the potential and extent to which we can bring our multitude of products and services to our customers (present and future) and thereby meaningfully increasing out turnover," he said.
This will not only go a long way in helping the company to start to gradually rebuild its cash reserves beyond 2010, but also encourages better performance in the coming days with higher motivation, the Telecom chief emphasised.
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He also revealed that Telecom had seen heavy investments amounting to N$489 million for the year ending September 30 last year.
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