During a virtual annual general meeting (AGM) last week, TNM plc board chairperson George Partridge revealed that last year, the company invested over K31.5 billion in infrastructure.
Counting on the investment, he said the firm will improve in performance and results. “With investments that we are putting in infrastructure development and continuous improvement of our business, we expect successful years ahead.” said Partridge.
On the other hand, he outlined that the penetration of telecommunication services in the country is on the lower side; at 48%, which is 42% below the regional’s 90% average. The company’s profit sank by 41% to K7.7 billion from K13.2 billion registered the previous year.