Earnings are still under pressure, but the top line has grown nicely in Telkom’s most recent quarter ended 30 June 2023.
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Government isn’t interested in selling its 40% stake in Telkom, the communications minister has said.
In the past six months alone, at least 1 800 batteries – costing on average about R250 000 each – have been stolen.
Telkom has decided to hit pause on dividend pay-outs for longer than expected as it battles tough market conditions.
But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
Telkom has warned of a sharp decline in earnings for its financial year ended March 2023, sending its shares over a cliff.
Telkom has kicked off the sale of a stake in its fibre business, as it seeks to unlock value for shareholders and boost profit.
Telkom has become the latest telecommunications operator to announce plans to hike its prices.
Telkom could start the sale of a minority stake in its core fibre business by March as part of a slew of measures it announced to unlock value.
Telkom plans to raise R1-billion by the end of its financial year through the sale to external financial institutions of “qualifying receivables” related to upfront device sales.