(Ecofin Agency) - Over the second quarter this year, the Ivorian telecoms sector generated a turnover of 220,075,665,644 CFA Francs (about $373 million), down 1.94% compared to revenues in Q2 2018, the sector regulator -ARTCI- announced.
Investments made during this second quarter totaled 22,116,475,588 CFA Francs ($37.3 million), 33.25% less than the volume in the second quarter last year. Fixed telephony segment generated 20.3 billion CFA Francs ($34.4 million) of revenues over the period reviewed, for 302,043 subscribers, with an investment of 2.9 billion CFA francs ($4.9 million). Mobile telephony revenues reached 191.2 billion CFA Francs ($324.7 million) for 35,924,714 subscribers, with an investment of 18.943 billion CFA Francs ($32 million).
With regard to fixed Internet, it had a turnover of 8.7 billion CFA francs ($15.2 million) for 195,969 subscribers, with an estimated investment of 182.7 billion CFA francs ($310 million). As for mobile Internet, it had a turnover of 35 billion CFA francs (59.4 million $), for 15,793,624 subscribers.
As a reminder, revenues generated by the telecom sector in Côte d'Ivoire amounted to $920 million at the end of 2018, representing a 9% contribution to GDP.