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Comba Telecom Systems Holdings Ltd, a Hong Kong-listed wireless solutions provider, announced a rise of over 100 per cent in Middle East revenues compared to the same period last year in its Q2 2014 results
“Although uncertainties remain in the region’s socioeconomic environment, the telecom industry has shown steady growth. In an era of big data, the use of mobile data is rapidly increasing in the region, and which is far higher than in the rest of the world,” said Eldynero Santos, general manager for Comba Telecom Middle East.
“We are still very new in the region and have marked significant growth, which has helped compound our global growth. With the release of long-term evolution (LTE) licenses in many countries, along with usage of LTE in different bands across the region, we believe operators will increase investment in infrastructure to ensure their networks are ready for LTE and LTE-Advanced.”
In-Building Solutions (IBS) were the biggest earners in the region. Comba’s IBS offerings included a turnkey solution, covering design, installation, optimisation and supply. Customers from the UAE and Qatar provided the bulk of these revenues. A significant share of regional business came from telecom operators ordering antenna, subsystem and wireless enhancement products.
Globally, the group’s revenues surged by 39.8 per cent to HK$3,024mn (US$390mn) compared to the same period last year. Comba’s strong growth in its antennas and services business, improved profit margins and operational efficiency helped it swing from loss into profit, as it recorded a net profit of HK$72.31mn (US$9.32mn).
The group’s new plant in Guangzhou is now operational, increasing production capability for base station antennas and wireless enhancement products. This should help the group meet increased demand driven by the construction of 4G LTE networks by mobile network operators. The group also plans to build new R&D facilities to enable it to develop new products.