{"id":24901,"date":"2013-11-01T03:48:48","date_gmt":"2013-11-01T01:48:48","guid":{"rendered":"http:\/\/www.myza.co.za\/2013\/11\/neotel-releases-results-1st-profitable-year\/"},"modified":"2013-11-01T03:48:48","modified_gmt":"2013-11-01T01:48:48","slug":"neotel-releases-results-1st-profitable-year","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/neotel-releases-results-1st-profitable-year\/","title":{"rendered":"Neotel Releases Results \u2013 1st profitable year"},"content":{"rendered":"<p><span class=\"wpsr_floatbts_anchor\"><\/span><\/p>\n<p>Neotel, South Africa\u2019s first converged communications network operator, presented their H1 results for financial year 2013\/2014 in Johannesburg yesterday. CEO, Sunil Joshi, presented a very positive outlook for the period. Joshi statedthat Neotel business grew 21 percent year-on-year (Network services make up 70 percent of the total revenue and managed services 30 percent) and generated a positive profit before tax (PBT) for the first time since its inception in 2006.<\/p>\n<p>On individual businesses, Neotel grew revenues across all of its business units; namely Managed Services (125 percent), Network Services (10 percent), NeoVoice (24 percent), and NeoInternet and NeoBroadband (20 percent). This has resulted in sustained customer services growth of 27 percent in the Small Enterprise\/Retail segment and 24 percent in the Business segment.<\/p>\n<p>\u201cThe company\u2019s positive performance has been driven by its on-net services and efficient utilisation of its infrastructure,\u201d stated Naila Govan-Vassen, ICT Research Analyst at Frost  Sullivan. \u201cNeotel have continued to focus on client service and service delivery; with their mean time to repair improving from just over 12 hours to around 3 hours.\u201d<\/p>\n<p>Neotel launched four products during the period as part of their strategy to use their current infrastructure more efficiently; including video conferencing, broadband powered by LTE (1800mhz), increased speed broadband offering, and a usage based broadband offering.<\/p>\n<p>\u201cImproving customer service and providing innovative services, such as NeoSmart, Managed Services, Network Services, amongst others, in such a competitive environment has been key to the company increasing its customer base and becoming profitable,\u201d concludes Govan-Vassen.<\/p>\n<p><img decoding=\"async\" class=\"zemanta-pixie-img\" alt=\"\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/plugins\/rss-poster\/cache\/11e4b_pixy.gif\" \/><\/p>\n<h3 class=\"related_post_title\">Related  &#8230;&#8230;<\/h3>\n<ul class=\"related_post zem_rp\">\n<li><a href=\"http:\/\/myjhb.co.za\/2013-vodacom-in-the-city-with-alt-j\/\" class=\"zem_rp_thumbnail\"><img decoding=\"async\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/plugins\/rss-poster\/cache\/11e4b_Johannesburg_Zemanta-150x150.jpg\" alt=\"2013 Vodacom in the City with alt-j\" \/><\/a><a href=\"http:\/\/myjhb.co.za\/2013-vodacom-in-the-city-with-alt-j\/\" class=\"zem_rp_title\">2013 Vodacom in the City with alt-j<\/a><\/li>\n<li><a href=\"http:\/\/myjhb.co.za\/south-africa-is-a-tough-mobile-money-market\/\" class=\"zem_rp_thumbnail\"><img decoding=\"async\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/plugins\/rss-poster\/cache\/11e4b_Johannesburg_Zemanta-150x150.jpg\" alt=\"South Africa is a tough mobile money market\" \/><\/a><a href=\"http:\/\/myjhb.co.za\/south-africa-is-a-tough-mobile-money-market\/\" class=\"zem_rp_title\">South Africa is a tough mobile money market<\/a><\/li>\n<li><a href=\"http:\/\/myjhb.co.za\/greater-than-johannesburg\/\" class=\"zem_rp_thumbnail\"><img decoding=\"async\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/plugins\/rss-poster\/cache\/11e4b_Johannesburg_Zemanta-150x150.jpg\" alt=\"Greater Than Johannesburg\" \/><\/a><a href=\"http:\/\/myjhb.co.za\/greater-than-johannesburg\/\" class=\"zem_rp_title\">Greater Than Johannesburg<\/a><\/li>\n<li><a href=\"http:\/\/myjhb.co.za\/andries-du-plessis-new-bravura-ceo\/\" class=\"zem_rp_thumbnail\"><img decoding=\"async\" src=\"http:\/\/www.myza.co.za\/press\/wp-content\/plugins\/rss-poster\/cache\/11e4b_Adie_Du_Plessis-150x150.jpg\" alt=\"Andries Du Plessis \u2013 new Bravura CEO\" \/><\/a><a href=\"http:\/\/myjhb.co.za\/andries-du-plessis-new-bravura-ceo\/\" class=\"zem_rp_title\">Andries Du Plessis \u2013 new Bravura CEO<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Neotel, South Africa\u2019s first converged communications network operator, presented their H1 results for financial year 2013\/2014 in Johannesburg yesterday. CEO, Sunil Joshi, presented a very positive outlook for the period. Joshi statedthat Neotel business grew 21 percent year-on-year (Network services make up 70 percent of the total revenue and managed services 30 percent) and generated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3332],"tags":[30,3334],"class_list":{"0":"post-24901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-johannesburg-south-africa","7":"tag-johannesburg-2","8":"tag-myjhb-co-za","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/24901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=24901"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/24901\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=24901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=24901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=24901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}