TNM plc, a listed converged mobile network and information and communication technology (ICT) service provider, says it has invested K21.2 billion in network upgrade to deliver world class connectivity and other services.
The firm’s chief technical officer Eric Valentine said in Blantyre on Friday that the investments include coverage and capacity expansion in Blantyre and Lilongwe for fixed and mobile broadband technology and upgrades.
“The launch of 4G LTE [long-term evolution] in June 2016 was the first step towards transforming our network followed by the rollout of 4.5G LTE and Huawei IP multimedia system [IMS] platform as a continuation of this transition to position TNM enterprise services as trailblazers and technology leaders,” he said.
Through these efforts, Valentine said the Malawi Stock Exchange (MSE)-listed firm has in place a modern network that now makes it possible for enterprise customers to experience world class enterprise services.
“Businesses are continually looking for operational efficiency at every level of their organisations to improve productivity and the bottom line.
“To achieve such level of efficiency, there is need for reliable and cost-effective solutions. The stage is now set for businesses, big and small, to enjoy a better digital experience as we continue to innovate and upgrade.”
Valentine said TNM is determined to achieve the status of a fully integrated mobile network and ICT service provider through technology convergence of telephony, video and data communication services within a single network platform.
“The current TNM network upgrades create a super-fast, agile, secure, more reliable network for our enterprise customers, enabling improved business connectivity services, media streaming, messaging services and downloads,” he said.
The upgrades in the network also enables other new business services such as broadband connect, virtual private network (VPN), Microsoft licensing, business connect virtual PBX, customer care centre and TNM mobile wireless application network.
In the half-year ending June 30 2017, TNM plc posted a 72 percent increase in profit after-tax of K4.7 billion from the previous year’s K2.7 billion.
TNM said it has been successful with initiatives to improve revenue streams and manage costs in the first half of the year.
“The company maintained its Ebitda [earnings before interest tax, depreciation and amortizations] margin at 33 percent. Net financing costs decreased to K1.4 billion [June 2016: K2.1 billion] which includes foreign exchange losses of K25 million [June 2016: K427 million],” reads the statement accompanying the results jointly signed by chairperson George Partridge and vice-chairperson Hitesh Anadkat.