Mar 26, 2012
Neotel doubles consumer subscribers to 100 000Back
Africa|Cable|Neotel|Africa|South Africa|Network Infrastructure|Products|Retail Networks|Service|Services|Telecommunications|Infrastructure|Noel Studti|Cable
© Reuse this
Neotel, which generated 90% of its revenue from its business customer base, said the company was set to double its consumer customer base again over the next year, owing to its current network infrastructure and capacity for a million users.
Chief sales and marketing officer Noel Studti said that Neotel, which now covered about 2.5-million households, planned to launch new products in the next few months, as well as add new channel partners to sell Neotel products and services through various retail networks.
The company, in which Tata Communications holds a 56% interest, continued to pursue strong sales and market-share growth by offering competitive call rates in South Africa and focusing on customer service, he said.
“Through our focus on managing costs, we have been able to pass the benefits of these optimisation initiatives to our clients and customers, while giving them the efficiency of our fibre network and the unparalleled reliability of South Africa’s only converged network, with seamless integration into the largest undersea cable network in the world through Tata Communications,” Studti commented.
Neotel grew its revenues by about 25% in the first half of the 2012 financial year, compared to the same period last year, on the back of an increasing customer base and market share.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Creamer Media Senior Researcher and Deputy Editor Online
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Real Economy Insight: Construction 2015 (PDF Report)
Real Economy Insight: Electricity 2015 (PDF Report)
Real Economy Insight: Road and Rail 2015 (PDF Report)
This Week's Magazine
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...