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Telecom Fiji Gives $10 Million In Dividend To ATH

Telecom Fiji Limited handed over a dividend cheque of $10 million to its parent company, Amalgamated Telecom Holdings Limited, yesterday. This was from the financial year ending March 31, 2016.
15 Jul 2016 11:48
Telecom Fiji Gives $10 Million In Dividend To ATH
From left: Telecom Fiji Limited (TFL) chairman Tom Ricketts, chief executive officer Mothilal De Silva, ATH general manager Ivan Fong and TFL director Arun Narsey. Photo: TELECOM FIJI LIMITED

Telecom Fiji Limited handed over a dividend cheque of $10 million to its parent company, Amalgamated Telecom Holdings Limited, yesterday.

This was from the financial year ending March 31, 2016.

Telecom Fiji recorded another year of exemplary profit after tax of $20.71 million depicting a year-on-year growth in profitability of 12 per cent.

“This was not an easy feat as Telecom Fiji continued to face a lot of challenges and competition from the market,” said TFL chairman, Tom Ricketts.

“We will continue to exercise prudence in our investments and resources.

“And we will also continue to support the Fiji Government’s initiative for a better informed and smarter Fiji.”

He said these can only be achieved through better accessibility to information mediums via the Internet.

Telecom Fiji chief executive, Mothilal De Silva, said the turnaround registered in the 2014/2015 financial year is continued for the second consecutive year.

This, he said, by any standard is a remarkable achievement.

“Strategically, the performance of Telecom Fiji is in line with its three year Business Plan prepared in 2014,” Mr De Silva said.

For this, he said the company will continue its pursuit for business growth and adding more value to its shareholders.

 

Past few years

Past few years TFL pursued strategies of cost rescaling and monetisation of existing resources.

Since the second quarter of 2015, TFL started building capacity using different access technologies such as ADSL, VDSL, GPON, WIFI, LTE in order to cater to the demands of the different segments.

In this financial year, TFL gives priority to build resiliency and redundancy while pursuing strategies of revenue growth, cost optimisation and diversification.

 

New Connect Internet café

Telecom Fiji also launched its New Connect Internet café today.

This has been relocated from the now FNPF Ganilau House to TFL’s New Wing Building.

“The café has been serving more than 100’s of customers per day,” Mr De Silva said.

He said the Connect Café, which generates in a consistent amount of revenue, houses a total of 12 internet stations with a separate space allocated for the business clients of Telecom Fiji Ltd.

“This is known as the TFL Experience Centre,” he said.

“The aim is to provide internet service to customers and at the same time experience fast speed internet from the comforts of our newly renovated luxurious café.”

 

Edited by: RACHNA LAL

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