Neotel crosses R2.2bn mark
Less than two years after launching its enterprise based telecommunication services, Neotel has crossed R2.2 billion in terms of consolidated annualised revenue for the operating year, and is now pushing for R3 billion revenue this year.
Ajay Pandey, the Managing Director and CEO, said, “This is the year in which we have shifted gears and are second only to the incumbent in terms of key telecoms service providers in the Enterprise space. If we continue with our growth trajectory, soon we will be counted amongst the bigger players in the entire telecoms space of South Africa. We have set very aggressive targets for ourselves for the next year and have already exceeded those targets for the first quarter,” he says.
The acquisition of Transtel last year and the acquisition of more CDMA and WiMAX sites in the major metropolitan areas of the country have contributed to Neotel increasing its client base to more than 500 enterprise customers and its employee population has grown to over one thousand.
Neotel is already providing services to clients such as Standard Bank, Web Africa, Internet Solutions, Tenet Africa, SITA, Vox Telecom and the National Health Laboratory Service.
“The most significant investments we have made recently, is in the two data centres in Johannesburg and Cape Town. In addition, we are launching a state of the art Telepresence facility at the end of this month, and plans are afoot to set up another one in Cape Town.
“Our data center is an example of a fresh new approach in the South African market designed with high energy efficient technologies allowing the highest data center cooling density. Telepresence will significantly improve the way companies conduct their business. It provides focused, precise and concise tool for communication and accelerates decision making.
“We are indeed redefining the South African telecommunications market, by challenging the conventions, being responsive to the needs of customers and making our service offerings flexible, without compromising on a world-class quality of service,” he adds.
Its metropolitan area network spans more than 3 500km in Johannesburg, Pretoria, Cape Town and Durban and this is 750km ahead of this year’s schedule. Neotel is also a key player in the creation of nationwide long distance network in partnership with MTN and Vodacom.
Neotel revenue and growth discussion
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