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Monday, June 18, 2007

Telecommunications companies invest F$110 million

The telecommunications companies in Fiji, Amalgamated Telecom Holdings Limited (ATH) and Vodafone, will be investing a total of F$110 million on capital works in 2007.

Of that amount, ATH will be investing F$77 million to upgrade its telephone network to increase capacity and provide new services while Vodafone will spend F$33 million to upgrade its services in the rural areas.

Read more on the articles from the Fiji Times below.

"ATH invests $77million, Thursday, June 14, 2007

Amalgamated Telecom Holdings (ATH) intends to spend $77million in capital expenditure in the financial year ending March 31, 2008.

Group acting chief executive Tomasi Vakatora said this included $42.2m to be spent on upgrading and extending Telecom Fiji's national telephone network to increase capacity and accommodate new services, and improve internal processes.

"The planned capital expenditure of $77m is the largest investment by the ATH Group since its inauguration in late 1998," Mr Vakatora said.

About $33.1m has been allocated towards upgrading and extending Vodafone Fiji's cellular mobile telephone network.

"This is a clear sign of the group's commitment because it is in addition to $294.9m that has been spent on capital expenditure from the group's inauguration to the end of the last financial year ending March 31, 2007," he said.

Mr Vakatora earlier said the group's financial position remained sound and a good result was expected.

ATHs annual report is expected to be released by the end of June. ATH and its group of companies recorded an interim net after-tax profit of $21.3m for the half year ended September 30, 2006. "

"$33.1m for Vodafone upgrade, Friday, June 15, 2007

Vodafone is looking at investing $33.1million for the current financial year and upgrade its network concentrating more on rural areas.

Amalgamated Telecom Holdings acting chief executive Tomasi Vakatora said the company was looking forward to investing more on the infrastructure.

This was revealed at the commissioning of the Naigani island base station at Queen Victoria School in Tailevu last Saturday.

He said this would be an additional finance to the $148.4m on capital expenditure the company had invested on since it began operating in 1994.

The ATH group of which Vodafone Fiji is a very valuable member intends to spend a total of $76.8m in capital expenditure in the current financial year to March 31, 2008, Mr Vakatora said.

This amount includes the $33.1m commitment that I have just mentioned for Vodafone Fiji.
It will be in addition to $294.9m the ATH group has spent since its inauguration in late 1988, he said.

Mr Vakatora said this was a clear sign of the groups commitment to Fiji.

As Vodafone Fiji continues to widen coverage, it is also introducing additional services and reducing charges and there is still a lot more to come, he said. "

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