The management of Mauritius Telecom held a press conference to present its results for the year 2023. Turnover grew by 11.2% to reach Rs 12.7 billion.

Mauritius Telecom (MT) recorded a turnover of Rs 12.7 billion in 2023. The telecommunications company announced this on Thursday June 13, 2024 during a press conference at the Telecom Tower in Port Louis. This is a record, according to Kapil Reesaul, the Chief Executive Officer (CEO). Revenue growth between 2022 and 2023 is 11.2%. Profits experienced an even higher growth of 11.7% from Rs 1.1 billion in 2022 to Rs 1.2 billion in 2023. Mauritius Telecom attributes this growth to the strategic plan put in place in 2023 under the leadership after the departure of Sherry Singh on June 30, 2022.

“We have diligently pursued and executed key strategic initiatives spanning innovation, revenue stream diversification, customer service transformation, digitalization, data management and security, sustainability initiatives, resource transformation human rights and expansion into international markets. These initiatives have provided clear direction and focus for the organization, ensuring that resources are allocated effectively to achieve our goals,” said Kapil Reesaul.

Among the achievements implemented in 2023 which made it possible to achieve these objectives according to the management of Mauritius Telecom, there is notably the launch of the Telecom App, the doubling of Internet connection speeds and the implementation of the cable under -marine optical fiber T3. The latter required an investment of 60 million dollars, or Rs 2.78 billion. It has a capacity of 72 terabytes. Furthermore, the company has spent Rs 400 million since 2010 for social or environmental projects.

“As a socially responsible and caring entity, we believe our success goes beyond monetary gains and profits. Indeed, these gains must be used to serve and benefit society. We support sustainable initiatives that have a transformative impact on people's lives. Environmentally, we aim to reduce our carbon footprint by investing in renewable energy and sustainable technologies. Our goal is to achieve 50% dependence on renewable energies by 2026,” said Maxime Sauzier.

Asked about the budget measure announcing internet connections for users aged 18 to 25, Kapil Reesaul indicated that discussions are underway.

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