Mauritius Telecom pretax profit up on mobile users

12 years, 11 months ago - April 18, 2011
Mauritius has more than 1 million mobile subscribers, of which 640,000 are with a subsidiary of Mauritius Telecom

Mauritius Telecom's 2010 full-year pretax profit rose 17 percent to 2.4 billion rupees ($86.6 million) on the back of a higher contribution from the mobile market, the company said on Monday.

Mauritius Telecom, which dominates fixed-line and mobile markets and is a leading internet service provider on the Indian Ocean island, plans to list at an unspecified date.

Chief Executive Sarat Lallah said the mobile segment grew by 10.4 percent in 2010 compared with 6.7 percent in the previous year, while the internet segment also grew strongly.

Earnings per share rose to 8.98 rupees from 7.74 rupees a year ago, the company said.

Mauritius has more than 1 million mobile subscribers, of which 640,000 are with a subsidiary of Mauritius Telecom.

In 2000, the company sold a 40 percent stake to Orange, owned by France Telecom. The government and the central bank jointly own 59 percent, while 1 percent is owned by present and former employees.

 

Text by Reuters

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