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.
En raison de la fermeture des Telecom Shops ce jeudi, Mauritius Telecom tient à informer ses clients, dont la date limite de paiement était fixée à jeudi 3 février, qu’ils pourront toujours payer leurs factures jusqu’au lundi 7 février.
1 year, 1 month ago