TelOne Q2 revenue up 20pc

05 Oct, 2018 - 14:10 0 Views
TelOne Q2 revenue up 20pc

eBusiness Weekly

Enacy Mapakame

HARARE – State fixed network operator, TelOne revenue for the second quarter of 2018 rose 20,1 percent to $34 million, driving overall growth for fixed network operators.

Overall, fixed network also recorded 20,1 percent to $38,8 million from $32,2 million in the previous quarter.

According to regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) the growth was driven by data and internet services, maintaining the previous quarter’s performance.

Internet and data accounted for 48 percent of the total revenue followed by voice at 44 percent.

“For a second consecutive quarter the contribution of data and internet services revenues to total revenue has exceeded voice service revenue, an indication that TelOne’s business is now more data centric,” said POTRAZ in a quarterly review.

 According to the regulator, a comparison with the previous quarter shows that the contribution of data increased by 1,8 percent whereas the contribution of voice declined by 2,2 percent.

The contribution of fixed monthly charges and collocation declined by 0,8 percent and 0,2 percent respectively whereas the revenue contribution of connection charges remained at 0,3 percent. 

During the period under review, total voice traffic grew 10,9 percent to 116,4 million minutes from 105 minutes in the previous quarter.

The number of active fixed network lines increased by 1,7 percent driven by growth in corporate customers. For residential, there was a 0,4 percent decline as consumers continue to make a shift from voice to data and internet service based modes of communication.

On the other hand, revenue for mobile operators also grew 19,7 percent to $292,9 million from $244,7 million recorded in the previous quarter.

Overall, the telecoms sector is expected to remain firm, spurred by the anticipated growth in mobile money as well as data and internet services.

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