Tonga Cable Limited

logo-tonga-cable

 

Board of Directors

Mr. Samiuela Fonua                       

Position         Chairperson  

Expiry Date    

 

Dr. Piveni Piukala                

Position         Board Member  

Expiry Date    

 

Mr. Pepe F. C. Fruean                     

Position         Board Member  

Expiry Date    

 

Mr. Pita Moala                     

Position         Board Member  

Expiry Date    
Tonga Cable Limited (TCL) owns and manages the fibre-optic submarine cable, connecting Tonga to Fiji, which was commissioned in August 2013. The cable cost was around T$36 million and was financed through grants from the World Bank Group and the Asian Development Bank. The cable had and immediate positive impact on internet services in Tonga – internet capacity was increased by a factor of 5; the wholesale price per megabit was reduced by 83%; and latency was reduced by at least 96%.Activities

TCL is the only provider of fibre-optic services in Tonga. Prior to laying the cable, Tonga was reliant on satellite internet connections. TCL is currently looking at options to connect the Ha’apai and Vava’u groups to the cable: the SOE’s ability to achieve this is reliant on donor funding.

TCL has been able to maintain 99.99% availability on the cable during 2016 and there is significant opportunity to expand its use with less than 10% capacity utilization.

Financial Highlights

Audited Financial Highlights (T$’000) 2014 2015 2016 2017 5-yr Average
Revenue 3,658 5,070 5,917 5,630 5,069
Net Profit After Tax 126 1,502 1,907 1,686 1,305
CSO payments
Total Assets 44,574 46,125 48,116 50,145 47,240
Total Liabilities 447 199 283 1,026 489
Shareholders’ Funds 44,127 45,926 47,834 49,119 46,752
Avg. ROE % 1% 3% 4% 3% 3%
Avg. ROA % 0% 3% 4% 3% 3%
Asset Utilization 8% 11% 12% 11% 11%
Cash / Current liabilities 2.26 12.78 19.50 2.51 9.26

Important Documents

Website