Sudatel to boost investment in domestic and Pan-African operations
The Sudatel Telecom Group has issued its latest financial statement and outlined plans for continued expansion of its telecom infrastructure across West Africa.
The company reported an increase in revenues to USD 252 million in H1 2017 - up 8% from H1-2016. Gross Profit also increased, by 22% from USD 87 million in H1 2016 to USD 106 million in H1 2017.
These increases were achieved despite increasing competition in the North African telecom market; a drop in the disposable incomes of the Sudanese; and foreign exchange rate fluctuations experienced in some countries where it operates. However, these negative effects are lessened by a steady and reasonable share of its revenues denominated in local currencies; meanwhile it is expected that economic instability will lessen in Sudan in the future due to the easing of US sanctions.
Given Sudan’s geographic location, Sudatel plays a major strategic role in connecting Africa and the Middle East to the rest of the world. Over the past year, the company has continued to heavily invest in its domestic and pan-African operations as demand for high-quality telecom services across the region continues to grow. It has expanded and upgraded its fibre network and launched a number of new products and services targeted at specific market segments.
Tarig Hamza Zain El Abdein, CEO of The Sudatel Telecom Group, said “We have a well thought through long-term investment plan that will enable us to maintain growth. We will continue to work hard to ensure that we maintain our position as one of the most reliable ICT providers in North Africa.”