Telecom Namibia achieved an 8.7% year-on-year increase in turnover to NAD1.2 billion (USD135 million) in its financial year ended 30 September 2012, its managing director Frans Ndorama announced, adding that FY 2012 operating profit rose by 29% to NAD133 million. As reported by Namibia Press Agency, the growth was attributed to increased uptake of the telco’s broadband services, supported by capital expenditure (CAPEX) since 2009 of NAD746 million, covering investment in services/networks including ADSL, WiMAX, MPLS, submarine and terrestrial fibre-optic cables.
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OVETEL Telecom Namibia’s FY revenues climb 8.7%
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