Telkom results
Telkom SA Sails Through Stormy 2021
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Telkom Records R43 billion in Revenue, Up 3%
Image sourced from My Broadband South African network provider, Telkom has delivered a solid top-line performance in the year to 31 March 2020, with revenue increasing 3.0% to R43.0 billion, mainly driven by a 54.4% increase in mobile service revenue. The company says its performance was underpinned by capital investments of R7.8 billion within the same period. The mobile business continues to gain scale and remains the fastest-growing mobile business in South Africa. With 12 million customers, it now accounts for 35% of Telkom’s total operating revenues. “Our Group revenue performance represents how ongoing investment – particularly in mobile, IT and masts and towers – enables Telkom to grow new revenue streams and offset traditional business shrinkage,” says Telkom Group Chief Executive,...
