{"id":15880,"date":"2019-03-28T04:10:29","date_gmt":"2019-03-28T04:10:29","guid":{"rendered":"http:\/\/pr.asianetpakistan.com\/?p=50138"},"modified":"2019-03-28T04:10:29","modified_gmt":"2019-03-28T04:10:29","slug":"lumitels-profit-increases-by-more-than-200-percent-as-the-company-becomes-the-most-popular-telco-in-burundi","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/lumitels-profit-increases-by-more-than-200-percent-as-the-company-becomes-the-most-popular-telco-in-burundi\/","title":{"rendered":"Lumitel\u2019s profit increases by more than 200 percent as the company becomes the most popular telco in Burundi"},"content":{"rendered":"

GITEGA, Burundi, March 28, 2019 \/PRNewswire\/ — Lumitel<\/a>, Viettel Group’s brand\u00a0in the Republic of Burundi, celebrated its 4th<\/sup> anniversary\u00a0in the market\u00a0with a 225 percent profit growth in 2018, marking a pre-tax profit of over USD$7.3 million.<\/p>\n

\"Lumitel's<\/div>\n

Last year alone, the\u00a0brand saw\u00a0an increase of 278,000 subscribers — the highest number in the past three years. This also made\u00a0the third consecutive year Lumitel has occupied 70% of the new subscribers market in the country.<\/p>\n

Despite its seemingly weak\u00a0potential\u00a0when the service has launched in September 2016,\u00a0Lumitel’s Lumicash e-wallet has regained confidence by the end of 2018.\u00a0It has experienced\u00a0a four time increase in the number of new subscribers compared with 2017, bringing the total number of customers to 320,000. That accounts for 47% of the electronic wallet market share in Burundi, ranking it first among all providers.<\/p>\n

“Lumicash e-wallet service helps Burundi people pay taxes, fees and charges, electricity and water bills via mobile phones thanks to features specifically designed on 2G network USSD platform for the market,” <\/i>said Mr. Nguyen Huy Tan, General Director of Lumitel (Viettel Burundi).<\/p>\n

Apart from bringing convenience to people’s lives and ensuring they remain connected, Viettel also aims to improve the living standards in the country.<\/p>\n

“We operate Lumitel in Burundi not only for revenue, but also for promoting socio-economic development as well as building international relations between Vietnam and Brunudi. We hope to create a beautiful image of Vietnam in this country,”<\/i>\u00a0said Mr. Nguyen.<\/p>\n

Among the ten international markets that Viettel is operating in, Burundi is where Viettel set the record by becoming the most popular telecommunications company in the shortest period of time.\u00a0In 2018, Lumitel’s\u00a0EBITDA\u00a0margin was\u00a055%, ranking it\u00a0the second among Viettel’s international markets.<\/p>\n

With Lumitel’s success, Viettel\u00a0firmly believes\u00a0that they will continue to lead in the digital transformation\u00a0of the East African nation and is on track\u00a0of\u00a0becoming a leading company in digital services, transmission channels and digital payment.<\/p>\n

Photo – https:\/\/mma.prnewswire.com\/media\/841959\/Lumitel_Burundi_Lumicash.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GITEGA, Burundi, March 28, 2019 \/PRNewswire\/ — Lumitel, Viettel Group’s brand in the Republic of Burundi, celebrated its 4th anniversary in the market with a 225 percent profit growth in 2018, marking a pre-tax profit of over USD$7.3 million. Last year alone, the brand saw an increase of 278,000 subscribers — the highest number in the past three years. This […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nLumitel\u2019s profit increases by more than 200 percent as the company becomes the most popular telco in Burundi - South Africa Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricajournal.com\/lumitels-profit-increases-by-more-than-200-percent-as-the-company-becomes-the-most-popular-telco-in-burundi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lumitel\u2019s profit increases by more than 200 percent as the company becomes the most popular telco in Burundi - South Africa Journal\" \/>\n<meta property=\"og:description\" content=\"GITEGA, Burundi, March 28, 2019 \/PRNewswire\/ — Lumitel, Viettel Group’s brand in the Republic of Burundi, celebrated its 4th anniversary in the market with a 225 percent profit growth in 2018, marking a pre-tax profit of over USD$7.3 million. 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