Home Business MTN Ghana loses ¢39m in 4-months to fibre cable cuts

MTN Ghana loses ¢39m in 4-months to fibre cable cuts


MTN Ghana suggests it invested ¢825 million in network and info technological innovation enhancement in 2018.

MTN Ghana states disruption in its solutions triggered by fibre cable cuts is on the increase, owning experienced 382 incidents involving January and March, this calendar year, by itself.

Ashanti Region recorded the best number of fibre cuts of 159, representing 41 for every cent, previously mentioned Western, Better Accra and Central locations.

Corporate Expert services Executive at MTN Ghana, Sam Koranteng, blames the problem on construction will work, among the other components.

The Telecoms Chamber claims the destruction of underground fibre optic cables charge cell telephony operators in excessive of $3 million, previous yr.

MTN Ghana states it dropped just about ¢39 million in revenue among October 2018 and February 2019, thanks to this sort of destructions.

It expenses the enterprise virtually ¢7,000 to restore each fibre optic cable wrecked. For occasion, the firm invested ¢7.5 on the repair of fibre optic cables in 2018.

Mr Koranteng states the condition shed in excess of ¢17 million in regulatory charges and tax.

“It results in income decline. From Oct final calendar year to February this year when we did the calculations of the down moments of the network, which resulted in profits loss, we have approximately misplaced about ¢39 million in terms of profits.

“If we had been ready to realise that ¢39 million, in conditions of taxes and regulatory fees, we have lost that cash as nicely. For regulatory costs, we estimate it at ¢7,800 million that would have gone to NCA and GIFEC in conditions of govt of Ghana, it came up to  16 million.”

Regardless of large commitments, destruction of fibre optics resulting in assistance disruption or shut down persists.

Talking to Nhyira FM on the sidelines of media and other stakeholders discussion board in Kumasi over the weekend, Mr Koranteng discovered MTN has been recording triple fibre cuts in a 7 days.

“At times we experience double fibre cuts triple fibre cuts. On the 9th of April for case in point, we experienced 5 (fibre cuts) which introduced down a substantial part of this state. On the 12th of April, it went on to six fibre cuts nearly concurrently.”

MTN Ghana suggests it invested ¢825 million in network and data technologies advancement in 2018.

It also rolled out 368 kilometres fibre optic cables to around 2,000 websites throughout the place.

Mr Koranteng desires general public assistance in the battle in opposition to fibre cuts, with attendant long-phrase social and financial implications.

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