Telecom Namibia improves cash flow despite challenges
02 Apr 2016 14:30pm
WINDHOEK, 02 APR (NAMPA) Telecom Namibia improved its cash flow during the 2015/16 financial year, collecting N.dollars 1.5 billion despite facing a number of challenges.
These challenges include poor service delivery, theft and vandalism, repairing of infrastructure and the ongoing weakening exchange rate.
The company witnessed improvements in its cash-flow, an indication that it continues to strive for improved network coverage and service delivery to all, the Minister of Information and Communication Technology, Tjekero Tweya said during the presentation of his ministry's N.dollars 494 980 000 allocation of the National Budget for the 2016/17 financial year.
Speaking in the National Assembly, Tweya said during the new financial year, the telecommunications company is expected to expand the fibre optic backbone network by constructing fibre optic transmission routes in under-serviced areas across the country.
This is aimed at bringing high speed and reliable telecommunication services to the people.
The national backbone capacities will also be upgraded during this financial year (2016/17) to enable delivery of high speed data traffic across the country, Tweya said.
The upgrades will provide high speed data and internet access and increase the penetration of telecommunication services.
Telecom Namibia is in addition expected to upgrade international link capacities to provide access to higher bandwidth capacities and enable high speed connections to the rest of the world.
The ministry allocated N.dollars 13 072 000 of its budget allocation towards Information and Communication Technology (ICT) development programmes for institutional policy and information technology infrastructure development facilitation.
Tweya said his ministry will expand the creation of an enabling environment for the ICT sector, develop and review relevant laws and policies and ensure ICT laws and policies are implemented.