Mobilis reports record results for 3Q13

Mergers, Acquisitions and Financial Results

Moussa Benhamadi, CEO of Algeria’s dominant telecoms operator Algerie Telecom, has announced that its mobile arm Mobilis has achieved positive results in the third quarter of 2013. Agence Ecofin cites the executive as saying that the company’s revenue increased 21% year-on-year to USD240 million by end-September 2013.

Mobilis has also invested USD232 million in 3G technology ahead of the anticipated commercial launch of the technology by end-December 2013. In operational terms, the executive revealed that Mobilis’ subscribers surpassed the twelve million mark at end-September, with over 1.5 million net additions over the previous nine months.

Further, the company’s networks consisted of around 5,2000 base transceiver stations (BTS) at 30 September 2013, covering more than 98% of Algeria’s territory.

Shot in the arm for TelOne, ZPC

The Infrastructural Development Bank of Zimbabwe says it will provide US$54 million to telecommunications firm TelOne and the Zimbabwe Power Company to support their initiatives on infrastructural development in this country. IDBZ chief executive Mr Charles Chikaura said this after the official opening of the Zimbabwe Development Finance School in Harare last week. His bank acknowledged efforts by the two firms to reduce the infrastructural deficit Zimbabwe is facing.
“We are planning to come back in January next year to give US$54 million to TelOne and the Zimbabwe Power Company. ZPC will be given the money for their contribution in the Kariba South project while for TelOne the money will be for the national fibre optic project,” he said.

He added that the Tokwe-Murkosi project is progressing well as Government had prioritised the completion of the project.