Gambia Telecommunications Company (Gamtel) has reported a 4% year-on-year increase in fixed network revenues to GMD1. 450 billion (USD48 million) in full-year 2011, compared to GMD1.395 billion earned in 2010. Managing director Baboucarr Sanyang, presenting the fixed line telcoís annual activity report and financial statement to the National Assembly, announced that the growth in total turnover was attributed to yearly increases in international, interconnection and data revenue of GMD13 million, GMD32 million and GMD42 million, respectively. The MDís report, published in the Daily Observer, added that the fixed division achieved a gross profit margin of 33% for the year. Sanyang also confirmed that there was an upgrade of international internet bandwidth from two STM-1s to three STM-1s, which increased the capacity of Gamtelís network from 310Mbps to 465Mbps, plus back-up capacity of 14Mbps via satellite. Meanwhile in 2011 the company signed a Delegated Management Contract (DMC) with the Gambia Agency for Management of Public Works (GAMWORKS) for the refurbishment and upgrading of Gamtel sites and facilities in readiness for its next generation network (NGN) project.
The state-backed telcoís cellular arm, Gamcel, reported 2011 financial results separately, with general manager Almamy Kassama announcing total revenue of GMD1.127 billion, up by 48% from GMD761 million in 2010, with a gross profit margin of 20%. Gamcel has embarked on network expansion projects while its marketing department is focused on strategies aimed at adding value to Gamcel.