Zamtel Chief Executive Officer Sydney Mupeta says the state owned Telecommunications Company is on a growth path.
Mr Mupeta said Zamtel expects to finish 2018 even stronger.
“From 2016-2017, Zamtel recorded revenues of about K470 million to K670 million in 2017 that is above 50 % growth,” Mr Mupeta said . He was speaking during in an interview after the company commissioned two new communication towers in Ngabwe and Kapiri in the Central Province.
He added, “What does it take to grow the company, in this industry, it takes customer base growth and those that are customers that drive the growth.”
He said Zamtel is recording more revenue than what the company did in 2017.
“We are constantly growing and that makes you rise above legacy issues. We are on a growth path, we expect 2018 to finish even stronger,” he said.
Mr Mupeta said the 1009 new communication towers that the company is putting up across the country will increase its geographical footprint and capture more customers.
“This site alone (Shamputa, Kapiri) has given us 3,500 sites, our growth is assured as we roll out more sites,” the Zamtel CEO stated.
“As the top line grows, our fixed costs are becoming less and less and that is how you build the profit story. The top line is growing consistently. By end of this year, growth is projected to be around 20% because more time and efforts has gone into digitalizing our channels and other basics,” he said.