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Camtel claims a 60% increase in sales in 4 years

Camtel claims a 60% increase in sales in 4 years

Paru le lundi, 02 octobre 2023 16:25

Incumbent operator CAMTEL claims its sales rose 60%, from XAF108 billion in 2019 (XAF114 billion, according to the Ministry of Finance) to XAF178 billion in 2022. According to a message dated September 30, the operator expects sales to reach XAF400 billion by 2025, the end of its 2019-2025 strategic plan. 

CAMTEL’s optimism rests exclusively on the new managerial direction led by CEO Judih Yah Sunday, who has been in the post since December 2018. For the operator, the management enabled the state company to gain two points in the latest National Institute of Statistics ranking of the 15 best national companies. In the ranking, CAMTEL moved up from 13th to 11th position, ahead of behemoths such as Sonara, Sodecoton, and Afriland First Bank. The operator is also, according to a January 2023 Ministry of Finance ranking, a top-tier public company in Cameroon.

Born in 1998, from the ashes of defunct Intelcam, Camtel has for some time held the monopoly over fixed telephony in Cameroon. It was later overthrown by private operators (Orange and MTN Cameroon) in the mobile segment. Nevertheless, the state-owned operator retains exclusive rights to operate the fiber optic network, which it leases to other operators.


● Fact Cheking



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