Vodacom Group hiked its interim dividend by 9.2% to R4.15/share (R3.80 previously) on strong headline earnings growth in the first half of its 2021 financial year and a dividend receipt from Kenya’s Safaricom.
Browsing: Telecoms
Vodacom Group reinstated growth targets and said it has the financial strength to take part in a long-awaited auction of broadband spectrum in South Africa.
Telkom CEO Sipho Maseko pointed out something of the obvious at the group’s interim results presentation earlier this week: the telecommunications group is undervalued.
Telkom’s mobile data revenue surged 54% in the first half of its 2021 financial year, supported by an 81% surge in mobile traffic. However, it’s fixed-line business contracted sharply.
Telkom CEO Sipho Maseko said on Tuesday that the company has briefed its lawyers to “consider and advise” on its available options given its deep unhappiness with Icasa’s invitation to apply for broadband spectrum.
Huge Group subsidiary Huge Cellular has asked former partner Cell C to give it more time to migrate the remaining 15% of customers it hasn’t yet ported to MTN South Africa’s network. Cell C said it won’t get it.
Virgin Mobile, the first virtual mobile network operator to be launched in South Africa, has been placed into voluntary business rescue.
Airtel Africa plans to sell about 4 500 telecommunication towers across five countries including Tanzania and Madagascar to help reduce $3.5-billion of debt and prepare for looming bond repayments.
JSE-listed telecommunications operator Telkom said on Tuesday that it expects headline earnings per share to rise by as much as a quarter in the six months to 30 September 2020, sending its shares leaping higher.
MTN South Africa appears eager to accelerate the return on investment in network infrastructure by attempting to grab market share from its competitors.