Dirk Conradie, MTC’s board chairman

Namibian telco MTC has passed the 1.85 million subscriber mark and grown its annual revenues by 3.2%.

MTC said mobile penetration in Namibia has now passed 108%, consisting of 1,854,700 active MTC customers (active sim card that made any communication even that was chargeable in the past three months) and an additional 435,000 for the other mobile operators.

In its annual report for the 2011 financial year, MTC said its annual revenue had grown to USD189 million, although its net profit fell by 14.2%. The decline in profits was attributed to increased operating costs.

The telco said its data revenues had grown to 21% of total turnover in 2011. MTC said more than 80,000 customers accessed the Internet through a PC or tablets and over 470,000 via their mobile phones, giving it close to 550,000 users accessing mobile internet from various platforms.

Dirk Conradie, MTC’s board chairman said: “It is clear that there was an increase in people’s disposable income, and that positively affected MTC’s corporate business directly and indirectly.”

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