{"id":13258,"date":"2012-05-22T15:00:19","date_gmt":"2012-05-22T13:00:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=13258"},"modified":"2012-05-23T00:32:34","modified_gmt":"2012-05-22T22:32:34","slug":"neotel-reports-25-revenue-jump","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/13258\/neotel-reports-25-revenue-jump\/","title":{"rendered":"Neotel reports 25% revenue jump"},"content":{"rendered":"

Neotel<\/a> announced on Tuesday (22 May 2012) a 25% year on year increase in revenue for the year ended March 2012.<\/p>\n

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.<\/p>\n

The group attributed the jump to a 50% growth in business customers, doubling its consumer base over the previous year, to 100,000 customers.<\/p>\n

Ebitda<\/a> margin improved 113%, the group said. The group stressed that it was ebitda positive.<\/p>\n

Sunil Joshi<\/a>, 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.<\/p>\n

Neotel boasts access to 12,000km national optical fibre backbone, and 6,500km of metro fibre.<\/p>\n

Looking ahead, Joshi said that the group would look at adding cloud based products in the coming financial year.<\/p>\n

“We will continue enabling our customers through efficient and cost effective telecommunications and by being a catalyst for their global expansion plans.”<\/p>\n

Related articles<\/strong><\/p>\n

WACS ownership breakdown<\/strong><\/a><\/p>\n

Neotel increases customer base two-fold<\/strong><\/a><\/p>\n

Neotel trials LTE<\/strong><\/a><\/p>\n

Neotel connects more businesses via fibre<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Neotel announced on Tuesday a 25% year on year increase in revenue for the year ended March 2012.<\/p>\n","protected":false},"author":9,"featured_media":6889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[1622,26,261,2898],"class_list":["post-13258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-fibre","tag-headline","tag-neotel","tag-sunil-joshi"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=13258"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13258\/revisions"}],"predecessor-version":[{"id":13308,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/13258\/revisions\/13308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6889"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=13258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=13258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=13258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}