Fixed line and mobile operator Companhia de Telecomunicacoes de Macau (CTM), one of the four newly 4G licensed operators in the territory, announced that it will invest up to MOP1.6 billion (USD196 million) in the next three years on network expansion. CEO Vandy Poon said that the target for this year is full coverage of Macau, even though the licence only stipulates 50% coverage in 2015. Short-term investment is set at MOP600 million for 4G and a further MOP200 million for 3G (currently accounting for almost 100% of CTM’s mobile customers), with the CEO adding:
“Once customers are used to the 4G network, they will tend to switch, so that 4G will be the dominant network.’ MacauNews.com quoted Poon as saying that the 4G service tariffs have not been established yet, but would be ‘reasonable value for money.”
In the same presentation, CTM said its full-year 2014 revenue hit MOP4.875 billion with profit of MOP1.112 billion, with positive growth in enterprise sales, internet, mobile and leased line services, while during the year CTM invested MOP519 million in projects including the modernization and expansion of mobile and fixed broadband networks.