Camtel adopts $5.2m budget for 2025
The Camtel board has adopted a $5.2 million (326 billion Francs) budget for 2025 as well as a short-term (2025-2027) strategy plan for the state-run telecoms operator, with the goal of placing the company on a stable growth path.
Mohamadou Saoudi, chairman of the board, said: "This budget reflects Camtel's ambition to modernise its infrastructure, improve the quality of its service, and consolidate its position in the market."
According to Saoudi, the company's performance plan for the next three years is based on a few key areas, such as diversifying services, and optimising management, all while ensuring openness and good governance at Camtel.
“The plan aims to position Camtel as a key telecommunications player in Central Africa,” Saoudi said, pledging that the board will actively support top management in the implementation of the reforms and strategic initiatives.
The board also commended the telco's management for measures taken to secure essential facilities and combat vandalism.
With an emphasis on thorough monitoring of the network, Camtel is sure that the expected results will meet the company's goals of modernising its infrastructure and consolidating its market position.
Despite holding a monopoly on the deployment and operation of the national optic fibre backbone, which it sells to other competitors and clients, Camtel ranks third in the market, trailing MTN Cameroon and Orange Cameroon.