Neotel reports 25% revenue jump
Neotel announced on Tuesday (22 May 2012) a 25% year on year increase in revenue for the year ended March 2012.
For the year ended March 2011, the groups parent company Tata Communications reported a comprehensive loss of R1.8 billion for Neotel with a loss of R1.15 billion in 2010.
The group attributed the jump to a 50% growth in business customers, doubling its consumer base over the previous year, to 100,000 customers.
Ebitda margin improved 113%, the group said. The group stressed that it was ebitda positive.
Sunil Joshi, MD and CEO of Neotel said that 40 main cities were linked with national ethernet with 800 Gbps capacity on the main routes and fibre upgradable to 3.2 Tbps.
Neotel boasts access to 12,000km national optical fibre backbone, and 6,500km of metro fibre.
Looking ahead, Joshi said that the group would look at adding cloud based products in the coming financial year.
“We will continue enabling our customers through efficient and cost effective telecommunications and by being a catalyst for their global expansion plans.”
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