Telkom credits cost cuts, lower finance charges and data strategy – but prior-year one-offs flatter the comparison.
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Even without the Swiftnet sale, Telkom is performing strongly – despite the continuing weak economy.
Telkom’s basic earnings per share will leap by at least 300% on the successful sale of its masts and towers business.
The Competition Commission has recommended the approval for the sale of Telkom’s masts and towers business.
Telkom shareholders, including the government, have voted in favour of selling the company’s masts and towers business.
A consortium has signed a deal to acquire Western Cape fibre network operator Octotel from Actis.
Telkom on Monday renewed a “cautionary notice” to investors, saying it remains in exclusive talks with a preferred bidder.
Telkom is engaged in “exclusive negotiations” with a preferred bidder regarding the sale of Swiftnet.
While Telkom’s mobile business has made good strides in recent years, its IT business, BCX, has been struggling.
Telkom is just weeks away from announcing the sale of its masts and towers business.