Namibia’s largest mobile operator by subscribers, Mobile Telecommunications (MTC), has announced that it reached the milestone of two million subscribers in February 2012, having grown its customer base from the 1.67 million users reported at the end of December 2010, and having doubled its total following the landmark of one million customers reached in September 2008. MTC also reported that its annual revenues grew by 3.2% in its fiscal year ended September 2011, to NAD1.45 billion (USD189 million), although net profit fell by 14.2% to NAD319 million, compared to NAD372 million in FY2010, while EBITDA saw a drop of 1.4%.
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OVETEL MTC reaches 2m users; sales up 3.2%; 4G ‘in next few months’
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