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 Friday, March 18, 2011

MTC has revealed that it ended 2010 with a total 1.53 million active customers, an increase from 1.28 million compared to the previous year.

According to the company, revenues for the year were little changed due to the cuts in termination rates, while EBITDA improved to $785.8 million from $748 million in 2009.Capex increased from $260 million to $410 million, almost half of which went to 3G network roll-out. The 3G investment helped data revenues grow 50% over the year, to 7.6% of total revenues by September 2010. Capex was higher than net profit for the year and a record for the company since its start.

MTC added that it was opposed to the regulator’s latest policy to cap off-net retail voice prices, stating that this is unprecedented for a regulator to intervene on retail prices. However, the company is positive on the country’s new communications law, which should allow it to gain a technology and service-neutral licence.

Source: Wireless Federation