Telekom Networks Malawi Invests Millions Into Network Infrastructure Development
Malawi's second-largest telecommunications operator, Telekom Networks Malawi (TNM) has claimed to have invested over US$89.4-million into infrastructure development in the past five years to broaden its network coverage.
The Chairperson of the company's board Dr George Partridge said that the investment secures the operator's long-term sustainability plan and is the reason for its growth, having already transitioned through an optimisation programme and the system upgrade of its LTE.
Partridge noted that the investment, which facilitated the evolution of the company's network from 2G to 3G, 4G and now 4.5G, resulted in the implementation of a converged digital platform in 2017.
According to a report that was presented to board members, Partridge revealed that in 2018 alone, the company invested millions more in infrastructure development compared to the amount it had spent in 2017.
The Chairperson of the Board said that the expansion of TNM's coverage and connectivity footprint with regard to 3G and 4G is ongoing. He added that the company's primary strategic objective is to create a U900 network layer to provide a robust and complete 3G network by 2020.
TNM's published report shows that the telecoms operator's overall revenue grew by 15% in 2018 from its 2017 figure, driven mainly by its voice business and then followed by data.
Credit: This article originated from www.itwebafrica.com