MTC records N$34,7 million spent on SMSes

MTC records N$34,7 million spent on SMSes

Namibians have spent N$34,7 million on SMSes from October to March 2024 with Mobile Telecommunications Limited (MTC).

According to the company’s six months results, bulk text messaging revenue was up from N$27,7 million recorded in March 2023

Contract plans saw a decrease from N$353 million in March 2023, to N$284 million in March 2024. This decline coincides with the discontinuation of legacy postpaid plans in October 2023.

“The reduction in contract handset revenue is due to the discontinuation of the postpaid legacy plans on 2 October 2023,” noted the report.

Prepaid revenue increased from N$930 million to N$977 million, even in light of unregistered SIM cards.

According to the directors’ summary, the company will be losing N$2,4 million monthly as a result of unregistered SIM cards.

“Concurrently, the unregistered subscriber count stands at 119 888, reducing the potential revenue loss from N$8,1 million to N$2,4 million per month,” noted the directors.

The company has also registered 203 348 of the 323 236 unregistered subscribers. This achieves a notable 94% registration rate from 83,3%, demonstrating effective compliance and outreach.

Enterprise services soared from N$39 million to N$54 million, indicating a growing demand for specialised business solutions.

Overall revenue climbed 5,91% to N$1,57 billion, driven by a demand for high-speed data and enterprise services.

This expansion helped offset a 4,9% decline in earnings before interest, tax, depreciation and amortisation, to N$700 million.
A Supreme Court ruling resulted in N$59,7 million in additional levies for prior years and a N$75,4 million increase in ongoing regulatory fees.

MTC will be launching a new mobile financial service, broadening its service portfolio and catering to evolving customer needs.

“This initiative is designed to broaden our service portfolio, catering to the evolving needs of our customers,” noted the report.
MTC also noted plans to expand its fibre optic network across key regions.

“This strategic development improves service delivery and aligns with the growth potential presented by upcoming energy projects in Namibia,” noted the report.

This development will improve service delivery and aligns with the growth potential of upcoming energy projects in Namibia.

“We are implementing targeted improvements across customer interaction points to ensure a seamless and enhanced user experience and customer satisfaction,” noted the report.

Profit for the six months was N$362 million.

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