{"id":135284,"date":"2015-07-16T18:15:49","date_gmt":"2015-07-16T18:15:49","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=135284"},"modified":"2015-07-16T18:15:49","modified_gmt":"2015-07-16T18:15:49","slug":"mtn-lost-gh%c2%a286-million-to-dumsor-in-2014","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/07\/mtn-lost-gh%c2%a286-million-to-dumsor-in-2014\/","title":{"rendered":"MTN lost GH\u00a286 million to Dumsor in \u00a02014"},"content":{"rendered":"
Telecom giant MTN has said that it lost over GH\u00a286 million in 2014 due to the erratic power supply in the country.<\/p>\n
According to the corporate services executive, Mrs. Cynthia Lumor, those monies could have been invested to enhance better customer experience.<\/p>\n
Speaking at a media and stakeholder engagement in Takoradi, Mrs. Lumor revealed that a total of GH\u00a2 61, 089,405 was budgeted to take care of fuel and electricity last year.<\/p>\n
“But at the end of the year the erratic power supply and the hikes in utility tariffs pulled additional GH\u00a2 25, 275, 803 from the company\u2019s resources,” she added.<\/p>\n
\u201cIn 2014, what we thought we were going to spend was GH25, 633,083 for fuel alone for our offices and cell sites. But because of the extra fuel we had to buy because our sites generators had to work for extra hours, we ended up spending GH 35,047,341 which we had to get GH9, 414,258 more than we had budgeted,\u201d Mrs. Cynthia Lumor explained. In all, instead of the total budget of GH\u00a2 61, 089,405 for electricity and fuel for the year, MTN spent a total GH86, 365,208 due to the erratic power supply.<\/p>\n Mrs. Cynthia also added that the cost of maintaining their cell sites is increasing \u201cbecause the longer hours generators had to stay on is fast diminishing their lifespan because these machines were not made to stay on for that longer. Now generators which are supposed to work for two years are now working for only six months.\u201d<\/p>\n
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\nOn electricity she said \u201cwe had budgeted for electricity a total of GH\u00a235, 456,322 but when you remember the number of times we had to endure utility tariff hikes in 2014 we ended up spending GH\u00a251, 317,867.\u201d<\/p>\n