Mauritius Telecom reports rising profit in 2011; tight-lipped on listing

State-owned fixed line and mobile operator Mauritius Telecom has reported a small 4% year-on-year rise in pre-tax profits to MUR2.55 billion (USD89.1 million) for the year to 31 December 2011, but is still tight-lipped on its oft-mooted listing. The incumbent had originally planned to list on the stock exchange in 2010, raising USD1.5 billion in the process, but the project was put on the backburner following the global financial crisis

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OVETEL Mauritius Telecom reports rising profit in 2011; tight-lipped on listing