TNM | 2009 abridged report

By Published On: April 23rd, 2010Categories: Corporate announcement

Performance
The programme of network expansion, initiated in 2007, continued through 2009 with expenditure of MK4.4 billion (2008: MK3.3billion) on new network elements. This included acquisition of a new switch to provide enhanced capacity and redundancy, commissioning of a further 77 BTS sites, roll out of GPRS/Edge, first to launch 3.5G services in the major cities of Blantyre and Lilongwe, electronic voucher distribution and several new value added offerings…

Outlook
The company will continue to invest in network quality, capacity and coverage thereby positioning itself to further grow its subscriber base. In line with our mission statement, we remain committed to connect the country and will roll out network to more areas. The 3.5G layer will be made available in more centres providing subscribers with higher speed data transfer and internet access…

Dividends
The directors propose a final dividend of 2 tambala per share out of the profits of the company for the year ended 31 December 2009 for declaration at the forthcoming annual general meeting…


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Telekom Networks Malawi Limited (TNM.mw)

Share price: 1,201.00 Tambala (1.00 | 0.08% – 10/08/22)

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