Neotel has reaffirmed its commitment to launching a long term evolution (LTE) network in South Africa following the announcement that it has achieved a 12 per cent growth in revenue
The company claimed it remains on track to introduce a full-service LTE network in September 2013, starting in Gauteng.
Sunil Joshi, managing director and CEO of Neotel said the firm was in talks with LTE-enabled device manufacturers in preparation for the launch of the network.
While the fixed-line telecommunications market in South Africa is projected to grow at 1.4 per cent per annum by 2018, Neotel, across all business units, is growing at more than eight times this rate, the company claimed.
Joshi said, “Amidst global uncertainty and a tougher competitive environment, Neotel has outperformed the local industry. We are extremely thankful to our customers for their support of competition in South Africa and for affording Neotel the opportunity to add value to their business.”
Neotel added that its enterprise customer base is up 29 per cent year-on-year, with its NeoInternet and NeoBroadband products witnessing more than 75 per cent revenue growth and its voice services revenue growing by 24 per cent.
“Neotel’s performance is a testimony to the innovative and cost effective solutions we offer our customers in South Africa and the dedicated focus from the entire Neotel team,” Joshi added.
The launch of Neotel’s LTE network will place the company alongside Vodacom, MTN and Cell C, which have already launched commercial LTE networks in the country.