Sudatel reports increased profits in H1 2017

Group plans to boost investment in domestic and Pan-African operations
Tarig Hamza Zain El Abdein, CEO of the Sudatel Telecom Group
Tarig Hamza Zain El Abdein, CEO of the Sudatel Telecom Group

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Sudatel Telecom Group has reported an increase in revenues to $252 million in H1 2017, up 8% from H1 2016. Gross profit also increased by 22% from $87 million in H1 2016 to $106 million in H1 2017.

These increases were achieved despite increasing competition in the North African telecom market; a drop in the disposable incomes of the Sudanese; and foreign exchange rate fluctuation experienced in some countries where it operates. Meanwhile, it is expected that economic instability will lessen in Sudan future due to the easing of US sanctions.

The company has outlined plans for continued expansion of its telecom infrastructure across West Africa. Over the past year, the company has continued to heavily invest in its domestic and pan-African operations as demand for high-quality telecom services across the region continues to grow. It has expanded and upgraded its fibre network and launched a number of new products and services targeted at specific market segments.

Tarig Hamza Zain El Abdein, CEO of the Sudatel Telecom Group, said “We have a well thought through long-term investment plan that will enable us to maintain growth. We will continue to work hard to ensure that we maintain our position as one of the most reliable ICT providers in North Africa.”

 

 

 

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