TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentral TechCentral
    NEWSLETTER
    • News

      Unlawful Eskom strike costing South Africa three stages of load shedding

      1 July 2022

      Striking Eskom workers will face consequences: De Ruyter

      1 July 2022

      The AI tool that has changed my life as a developer

      1 July 2022

      Google.co.za is down and the domain is pending deletion

      1 July 2022

      US files charges over South African bitcoin fraud scheme

      1 July 2022
    • World

      Meta girds for ‘fierce’ headwinds

      1 July 2022

      Graphics card prices plummet as crypto demand dries up

      30 June 2022

      Bitcoin just had its worst quarter in a decade

      30 June 2022

      Samsung beats TSMC to 3nm chip production

      30 June 2022

      Napster plots crypto comeback

      29 June 2022
    • In-depth

      The NFT party is over

      30 June 2022

      The great crypto crash: the fallout, and what happens next

      22 June 2022

      Goodbye, Internet Explorer – you really won’t be missed

      19 June 2022

      Oracle’s database dominance threatened by rise of cloud-first rivals

      13 June 2022

      Everything Apple announced at WWDC – in less than 500 words

      7 June 2022
    • Podcasts

      How your organisation can triage its information security risk

      22 June 2022

      Everything PC S01E06 – ‘Apple Silicon’

      15 June 2022

      The youth might just save us

      15 June 2022

      Everything PC S01E05 – ‘Nvidia: The Green Goblin’

      8 June 2022

      Everything PC S01E04 – ‘The story of Intel – part 2’

      1 June 2022
    • Opinion

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022

      A proposed solution to crypto’s stablecoin problem

      19 May 2022

      From spectrum to roads, why fixing SA’s problems is an uphill battle

      19 April 2022

      How AI is being deployed in the fight against cybercriminals

      8 April 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»News»Shares soar as Telkom pares mobile losses

    Shares soar as Telkom pares mobile losses

    News By Duncan McLeod31 July 2015
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Sipho Maseko
    Sipho Maseko

    Telkom’s share price has leapt by almost 8% to R61,48 after it provided a positive quarterly update for the three months ended 30 June 2015. The quarter is the first of Telkom’s financial year, which ends in March.

    It said that in the three months, net revenue rose by 1,7% to R6,5bn. It did not provide any group earnings numbers.

    What it did say was that net revenue from mobile soared by 68,5% in the quarter to R350m, driven mainly by demand for data.

    Significantly, and probably underpinning the sharp upward movement in Telkom’s share price on Friday was news that Telkom Mobile incurred a loss of just R30m in the quarter. “This is an 87,9% improvement compared to the prior comparative period,” Telkom said.

    Active mobile customers increased by 11,7% to more than 2,1m, with a blended average revenue per user of R82,87, up by 17,8% on a year ago.

    Post-paid customers grew by 61,9% while prepaid customers decreased by 1,3%. The reduction in prepaid customers was due to a clean-up of the revenue-generating subscriber base, Telkom explained.

    In fixed lines, the number of ADSL broadband customers grew by 6,3% on a year ago and remained above a million at the end of the quarter. There was a 31,5% increase in ADSL traffic volumes. Fixed-line subscriptions revenue climbed by 9,2%. However, fixed-line usage revenue fell by 13,7%.

    There was a 14,5% slump in leased-line and high-capacity connectivity revenue. IT business services revenue increased by 18,7%.

    “Our net revenue for the first quarter of our financial year grew by 1,7% in a difficult operating environment during which there were significant pricing pressures,” said CEO Sipho Maseko in a note to shareholders. “We continued to focus on data and mobile revenues, which remain the key drivers of our revenue growth.”

    Capital expenditure in the quarter was R730m, up by 15,3% over the same period a year ago. The main focus of this investment was on an accelerated fibre roll-out and increased investment in mobile, especially 4G/ LTE.

    Other telecoms stocks on the JSE had a good showing on Friday, too. MTN closed up by 2,4%, ending the session at R211/share. The group will report interim results on Wednesday. Vodacom ended the session up by 3,2% at R146,56/share, despite the scandal involving alleged kickbacks that has erupted at acquisition target Neotel.  — © 2015 NewsCentral Media

    MTN Neotel Sipho Maseko Telkom Vodacom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleBlackouts, not crime, biggest fear of SMEs
    Next Article Neotel CEO on ‘special leave’ as scandal erupts

    Related Posts

    Unlawful Eskom strike costing South Africa three stages of load shedding

    1 July 2022

    Striking Eskom workers will face consequences: De Ruyter

    1 July 2022

    The AI tool that has changed my life as a developer

    1 July 2022
    Add A Comment

    Comments are closed.

    Promoted

    Billetterie simplifies interactions between law firms and clients

    30 June 2022

    Think herding cats is tricky? Try herding a cloud

    29 June 2022

    How your business can help hybrid workers effectively

    28 June 2022
    Opinion

    Has South Africa’s advertising industry lost its way?

    21 June 2022

    Rob Lith: What Icasa’s spectrum auction means for SA companies

    13 June 2022

    A proposed solution to crypto’s stablecoin problem

    19 May 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.