Converged Telecommunications company TelOne is beginning to reap rewards of their digital migration,with significant revenue increase coming from the broad band initiative.
The state Owned company has registered an increase of 20.1% revenue to record $34.4m from$28.2m recorded in the first Quarter of 2018 the sector’s regulator has said.
For a second consecutive quarter the contribution of data and internet services revenues to total revenue has exceeded the traditional fixed voice service revenue, an indication that TelOne’s business is now more data centric, according the Abridged Sector Performance report – Second Quarter 2018 final
Contribution to revenue by service
As shown above, internet/data revenues exceeded voice service revenues.
For a second consecutive quarter the contribution of data and internet services revenues to total revenue has exceeded voice service revenue, an indication that TelOne’s business is now more data centric.
A comparison with the previous quarter shows that the contribution of data increased by 1.8% whereas the contribution of voice declined by 2.2%. The contribution of fixed monthly charges and collocation declined by 0.8% and 0.2% respectively whereas the revenue contribution of connection charges remained at 0.3%.
The report says that Industry growth will continue to be driven by data and internet services.
“2018 usage traffic for data and internet services is expected to exceed 2017 internet and data traffic by more than 100% , the continued growth in data and internet traffic will continue to be largely stimulated by innovation related to non- traditional business models,” the report said.
Recently TelOne launched their groundbreaking affordable streaming service the Digital Entertainment On Demand(DEOD) that allows customers to watch a wide variety of award winning shows, movies, documentaries and so much more. This innovative move by TelOne will have a positive impact on consumers service uptake since there has been a rampant growth in the use of Internet of Things (IOTs) applications, driven by consumer appetite for digital solutions that are convenient and affordable.