JT published its Annual Review for 2017 last week, showing an increase in turnover of 41% from £185m. to £261m., creating an operating profit for the year of a little over £11m.
The significant increase in JT’s turnover in 2017 mainly comes from growth in its International business, it said, with the group now signing up more than 1,600,000 mobile devices around the world.
70% of JT’s revenue now comes from outside of Jersey – which then supports JT’s investment in Jersey's infrastructure, such as its 4G and island-wide full-fibre networks.
During 2017, JT connected another Jersey 11,000 broadband customers to that full-fibre network, with the total as of today now reaching 38,700, with the very small number remaining being connected by the summer. That achievement will make Jersey the most connected place in the world, in terms of the percentage of its broadband customers connect to a full-fibre network.
Guernsey is still on a copper/fibre network operated by Sure, some of which is sublet to JT.
“2017 was a year of strong growth for the JT Group, particularly for our International division, whose success helps to support our activities here in the Channel Islands," JT's CEO Graeme Miler said.
“I’d like to take this opportunity to thank my team for their hard work and commitment, which has helped us to greater commercial success, while also focusing tightly on our customer service. We know we can always do better, however I believe that in 2017 we implemented a number of measures which our customers are finding really helpful, such as our exclusive free MyAccount app and Live Chat facilities, alongside leading the market by reducing data roaming rates by 95%."
“Significant investment in our Channel Island networks has made the Islands one of the best-connected places in the world; I’m really looking forward to seeing our customers using those networks both at work and at home, to really make the most of the digital opportunities which are available.
“It’s a tremendously exciting time, and JT’s role is enabling the Channel Islands to be right at the heart of it.”
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