{"id":25995,"date":"2012-11-07T13:18:38","date_gmt":"2012-11-07T11:18:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=25995"},"modified":"2012-11-07T14:45:14","modified_gmt":"2012-11-07T12:45:14","slug":"neotel-lifts-revenue-10","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/25995\/neotel-lifts-revenue-10\/","title":{"rendered":"Neotel lifts revenue 10%"},"content":{"rendered":"

Neotel<\/a> has reported a 10% rise in revenue for the half year ended September 2012, also highlighting its continued ebitda positive status since Q2 FY 2012.<\/p>\n

The company\u2019s interim results for the period ending September 2012 show a year-on-year increase of 10% and 276% in revenue and EBITDA respectively.<\/p>\n

Sunil Joshi<\/a>, CE0 at Neotel noted that the company lifted its business customers by 18% during the reporting period, increasing from 2,000 to 2,400 enterprise customers in the last six months.<\/p>\n

Consumer customers improved 30% to 130,000, and free cash flow improved 49%, Neotel said.<\/p>\n

According to Frost & Sullivan<\/a>\u2019s ICT research analyst Gladys Mujuru<\/a>, Neotel looks set to meet its goal of surpassing last year\u2019s subscriber increase of 50,000, should it continue to maintain the current momentum.<\/p>\n

\u201cWith the recently introduced mobile dual number\/SIM phone operating in their CDMA network, Neotel is looking to attract more clients with a product that is a consumer take on fixed mobile convergence,\u201d Mujuru said.<\/p>\n

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

Neotel: We have fibre to the home solution<\/strong><\/a><\/p>\n

Neotel boosts business broadband in SA<\/strong><\/a><\/p>\n

Neotel\u2019s 800Gbps network grows<\/strong><\/a><\/p>\n

Most respected broadband provider in South Africa<\/strong><\/a><\/p>\n

Telkom vs Neotel: 2012 call costs comparison<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Neotel has reported a 10% rise in revenue for the half year ended September 2012, also highlighting its continued ebitda positive status since Q2 FY 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":[26,261,229,2898],"class_list":["post-25995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-neotel","tag-results","tag-sunil-joshi"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25995","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=25995"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25995\/revisions"}],"predecessor-version":[{"id":26018,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25995\/revisions\/26018"}],"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=25995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=25995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=25995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}