Tonga Cable Limited

logo-tonga-cableBoard of Directors

Director Position Expiry
Lady ‘Eseta Fusitu’a Chairperson 28 May 2017
Dr. Leimoni Taufu’i Member 11 May 2017
Mr. Samiuela Fonua Member 7 July 2017

Activities

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%.

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

Financial Highlights (T$’000) 2014 2015 2016 2-yr Average
Revenue 3,491 4,717 5,768 4,104
Net Profit After Tax 126 1,502 1,907 814
CSO payments 0 0 0 0
Total Assets 44,573 46,125 48,116 45,349
Total Liabilities 447 199 282 323
Shareholders’ Funds 44,127 45,926 47,833 45,027
ROE % 0.0% 3.0% 3.99% 1.5%
ROA % 0.0% 3.0% 3.96% 1.5%
Asset Utilization 8% 10% 9%
Cash / Current liabilities 2.257 12.769 0.863

Important Documents

Website