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Data Paying Off For BTL
posted (March 4, 2016)
As we told you two nights ago, BTL is embarking on a major investment with the new 40 million dollar 4GLTE switch. It's a necessary investment because the present 4G System is congested after experiencing explosive growth in the past year. And that's because phone users are increasingly shifting their usage preference to data. And it's beginning to pay off for BTL, whose revenue had been sagging because fewer phone calls are actually being made. Instead phone users are now spending that same money on data, and at Tuesday's press conference, BTL Executive Anwar Barrow said the company's revenue was showing strong growth:..

Anwar Barrow, Chairman, Exec. Committee - BTL
"Our revenues this year are going to be up substantially. I wouldn't want to say exactly how much, but we are closing our financial year at the end of this month and we've had a significant uptake in revenues after 6 years of decline. We've had a complete turn around there. So, a big part of that turn around has been possible because of the 4G network and our ability to connect people on that network."

BTL's financial year ends at the end of March - and shareholders will see the accounts and get their dividends at the annual general meeting in September.

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