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STATE-owned mobile telecoms operator NetOne says it is now recording improved daily revenues following the introduction of a competitive tariff on calls.
NetOne chief operating officer, who is also the acting CEO, Mr Brian Mutandiro told the Parliamentary Portfolio Committee on Information Communication Technology, Postal and Courier Services that a number of strategic changes to the company’s business model were beginning to reflect positive results.
“Our average cost per minute was very low, we were getting two cents while other networks were getting 12 cents profit per call.
We have moved that to about seven cents, which has resulted in a reduction in network traffic and that was expected.
It creates capacity to launch value added products.
“Since the beginning of the year our daily revenues were averaging $250,000 a day.
“Right now we are above $300,000 per day,” he said.
Mr Mutandiro was appointed as COO earlier in February after a restructuring exercise at the mobile telecommunications company that began last year.
“The quality of the network is now better than other networks. We are not a cheap network but we are a network that offers value.
“We are also seeing lots of opportunities in cutting costs we are looking at energy side, that is, cutting costs where we have base stations that are running with generators in those are areas without electricity but we want to address those issues,” he said.
“We want to launch a number of products to the market during the second half and we have a number of campaigns that a lined up to grabs opportunities on the market.”
Chief finance officer Mrs Sibusisiwe Ndlovu said in terms of revenues in the first quarter of this year, NetOne accrued $48, 5 million, compared to
$44,3 million the same period last year. Gross profit during the first quarter increased from $29 million to $34,6 million, she said. — BH24.
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