Mauritius Telecom reports drop in 2013 profits

Telecoms and internet service provider, Mauritius Telecom recorded a decline in profits for the 2013 financial year.

Mauritian telcos' profit after tax reached MUR1.4 billion last year, a 22% year-on-year decrease compared to the MUR1.8 billion generated in 2012.

Meanwhile, the telco recorded a 6.1% increase in operating revenues to $278.69 million for the year ended 31 December 2013.

This is an improvement for the Mauritian telco compared to the 2012 financial year.

The telco also stated that revenue from mobile operations recorded marginal growth for the period with a 0.7% increase to MUR2.1 billion up from MUR1.5 billion the year before.

It was reported that Mauritius Telecom had 781,775 mobile, 155,330 broadband and 352,231 fixed line customers at the end of the year.

Mauritius Telecom also highlighted its plans for the 2014 financial year, which include continuing the deployment of a countrywide fibre-to-the-home (FTTH) network and extend the footprint of its 4G Long Term Evolution (LTE) network.