Zambia hints at fifth telco operator

A fifth telco
for Zambia?

Enough room says
industry regulator.

Saturday, Feb 22nd

More countries Nigeria

Nigeria's Starcomms incurs huge losses


Nigeria’s leading fixed wireless and CDMA 3G mobile telecoms firm Starcomms says its pre-tax loss widened more than three fold to N15.61 billion (about $99.24 million) in 2011, from N5.16 billion in the previous year.

Starcomms said in a statement that its turnover also dropped from N29.03 billion to N20.10 billion in 2010.

Despite its losses, the telco said it increased its subscriber base by 26% in the period, which pushed its service revenues up by 13%.

The company says it has more than 2.9 million subscribers.


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