Namibia's MTC reinvesting all profits this year in network

Namibia’s largest cellco by subscribers Mobile Telecommunications (MTC) intends to reinvest 100% of its profits in its current financial year on expanding network coverage, particularly in rural areas, reports local newspaper New Era. MTC’s corporate affairs officer Tim Ekandjo said that in each of the last three years the operator has re-invested 80% of profits into the network and will raise this to 100% in its current fiscal year ending September.

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OVETEL Namibia's MTC reinvesting all profits this year in network