Chairman's Statement

After having had the privilege to serve as MT's CEO from 2005 to January 2015, my comeback to Mauritius Telecom as Chairman comes at a pivotal time in the MT Group's journey. As I take up the responsibility of guiding the Board through this next stage of Mauritius Telecom's evolution, my immediate priorities are to strengthen MT's position as a national icon, enhance corporate governance, and maintain the trust of our stakeholders, while ensuring that MT remains an agile and forward-looking company.

Sarat Dutt LALLAH G.O.S.K.
CHAIRMAN
June 2025

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Chairman's Statement

After having had the privilege to serve as MT's CEO from 2005 to January 2015, my comeback to Mauritius Telecom as Chairman comes at a pivotal time in the MT Group's journey. As I take up the responsibility of guiding the Board through this next stage of Mauritius Telecom's evolution, my immediate priorities are to strengthen MT's position as a national icon, enhance corporate governance, and maintain the trust of our stakeholders, while ensuring that MT remains an agile and forward-looking company.

Sarat Dutt LALLAH G.O.S.K.
CHAIRMAN
June 2025

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CEO's Review

It is with great honour that I present the 2024 Annual Report of Mauritius Telecom. Although I assumed the role of Chief Executive Officer in 2025, I had the privilege of overseeing the finalisation of this report, which highlights the progress achieved by our company under the stewardship of a dedicated leadership team. I extend my sincere gratitude to the Chairman and the Board of Directors for entrusting me with the responsibility of leading Mauritius Telecom into its next chapter—one defined by customer excellence, innovation, AI transformation, and sustainable growth

Veemal Gungadin
CHIEF EXECUTIVE OFFICER
June 2025

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CEO's Review

It is with great honour that I present the 2024 Annual Report of Mauritius Telecom. Although I assumed the role of Chief Executive Officer in 2025, I had the privilege of overseeing the finalisation of this report, which highlights the progress achieved by our company under the stewardship of a dedicated leadership team. I extend my sincere gratitude to the Chairman and the Board of Directors for entrusting me with the responsibility of leading Mauritius Telecom into its next chapter—one defined by customer excellence, innovation, AI transformation, and sustainable growth

Veemal Gungadin
CHIEF EXECUTIVE OFFICER
June 2025

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Group Financial Highlights

(for year ended 31 December 2024)

CEO's Review
Revenue:
Rs 13.0 bn
MT Group revenue exceeded the Rs 13 billion mark for the first time. With a year on year growth of +2.3%, the Group revenue reached Rs 13.0 billion.
Net Profit:
Rs 1.09 bn
The Group net profit for the year stands at Rs 1.09 billion as compared to Rs 1.23 billion last year.
Capital Expenditure:
Rs 2.3 bn
Total Assets:
Rs 27.9 bn
EBITDAaL:
The Group generated EBITDAaL of Rs 4.5 billion during the year 2024 representing an EBITDAaL margin of 34.6%.

BRIDGING LIVES

Bridging Lives is our quiet promise to connect people, ideas, and dreams across a rich spectrum of realities. At Mauritius Telecom, each connection is a thread in a shared tapestry, linking lives and building bridges of purpose.

This year's journey reflects how meaningful connections spark growth, uplift communities, and weave resilience into the heart of progress. Technology becomes not just a tool, but a bridge between diverse worlds.

By connecting lives, we are shaping a smarter, more inclusive Mauritius where every link, no matter how small, brings us closer to one another and to the future we dream together.

CORPORATE PROFILE

CEO's Review
As at end 2024, the Company served:
395,000 fixed-line customers
285,000 broadband customers
1,128,000 mobile customers
207,000 IPTV customers
Countrywide deployment of the next-generation network

On 18 June, Mauritius Telecom announced the nationwide deployment of its 5G network, marking a major milestone in the nation's digital transformation, bringing unprecedented technological opportunities for both...

Transforming business digital journeys with my.t Cloud

Empowering business leaders with insights into the my.t Cloud portfolio of services, best practices, and strategies was the objective of a half-day forum organised by Mauritius Telecom on 20 March. The event...

Promoting inclusion with Hidden Disabilities Sunflower

In June, Mauritius Telecom launched the Hidden Disabilities Sunflower programme, becoming the first company in Mauritius and Africa to join this international initiative, which aims at advocating for the inclusion of...

CSR

Mauritius Telecom is fully committed to upholding its corporate social responsibilities (CSR). Through its subsidiary, the Mauritius Telecom Foundation (MTF), it collaborates with several NGOs in Mauritius to support community projects in the fields of ICT, education, health, sports and the environment.

Rs 408 M injected into CSR projects between 2009 and 2024 in the Republic of Mauritius

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CSR

Mauritius Telecom is fully committed to upholding its corporate social responsibilities (CSR). Through its subsidiary, the Mauritius Telecom Foundation (MTF), it collaborates with several NGOs in Mauritius to support community projects in the fields of ICT, education, health, sports and the environment.

Rs 408 M injected into CSR projects between 2009 and 2024 in the Republic of Mauritius

Discover more

Annual Report 2024