Telkom 5G Deployment
Telkom Reports a Decline in its Revenue
Image sourced from News24 On Tuesday, Telkom SA published annual financial results for the year ended 31 March 2022 and it reported that its revenue dropped 1.1% to R42.8 billion ($2.7-billion). According to Tech Central, the telecommunications group is blaming tough competition and the weak economy for this poor performance. Telkom says despite this decline it has managed to deliver a stable EBITDA of R11.9 billion ($742.9-million) expanding the margin by 0.2ppts to 27.9%. “This was achieved through various initiatives that introduced efficiency to operations while improving the customer experience,” Telkom Group CEO, Serame Taukobong, said. Openserve increased fixed data revenue by 5.5% largely driven by the growth in carrier links. Over the period, an increase of 16.6% in fixed data con...
