MTN's 'controversy-free' time in Nigeria may be short-lived

Time ticking for
MTN Nigeria

'controversy-free time' may be short-lived.

ITWeb Africa

Monday, Feb 17th

CEC says Liquid's revenue boosted overall performance

CEC says Liquid's revenue boosted overall performance

The Copperbelt Energy Corporation (CEC), which owns 50% shares in the CEC Liquid Telecom joint venture, said in terms of revenue, CEC Liquid Telecom and its retail arm Hai Telecommunication Limited "has been very strong" over the past six months despite stiff competition in the market.

According to the company's latest financial results, revenue from CEC Liquid Telecom and its retail division grew by 26% to US$16 million while net profit grew by 2% to US$1.007 million compared to the same period last year.

Paratus Telecom Zambia, FibreComm, Microlink Technologies and iConnect are some of the companies that are competing for market share.

CEC company secretary Julia Chaila said CEC Liquid Telecom's strong performance is on the back of a sustained growth in its customer base across wholesale, enterprise and retail products.

The company said it has invested over US$50 million to expand and improve it infrastructure in the expansion and improvement of its infrastructure since it started its operation in Zambia in 2011.

"CEC Liquid Telecom commenced and will continue to make impressive progress in the rollout of 4G LTE service to all the 10 provinces of the country. Retail internet penetration is expected to drive growth for the business as the company delivers quality services to the Zambian population," said Chaila.

In 2015, the company launched its Fibre-to-the-Home (FTTH) service to enable businesses and homes access fast broadband internet with unlimited data packages.

Over 20, 000 premises in the capital Lusaka have been connected to the FTTH service at a cost of US$15 million.

CEC Liquid Telecom also provides IP transit, backhauls, and disaster recovery and data protection services.


Africa's chance to shine at UK-Africa Summit 2020 Published on 23 January 2020

Twenty-one heads of state from the continent are expected at the investment-focused event on 20 January 2020.

Online publishing platforms - local accounting journal provides a case in point Published on 14 February 2020

SAJAAR, the official scientific research journal of the Southern African Institute of Government Auditors, found a reliable and practical online publishing solution in Sabinet.

Zimbabwe launches first computer plant Published on 20 January 2020

Project is a joint venture between TelOne and Chinese firm Inspur.