Telkom posted a full-year profit of R1.9-billion and said it would consider resuming dividends from 2025.
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Icasa reached the wrong conclusions in drafting new call termination rate regulations, Telkom has said.
Telkom expects to report an improvement of about 200% in full-year normalised headline earnings per share.
Icasa will hold public hearings into contentious proposed changes to wholesale call termination rates.
Telkom shareholders, including the government, have voted in favour of selling the company’s masts and towers business.
Vodacom has claimed in court papers that it has been unfairly disadvantaged by its main rival’s spectrum deals.
South Africa’s telecoms operators collectively invest more than R25-billion/year in their networks.
Shameel Joosub said planned further cuts to call termination rates will have no real impact on retail prices.
A major network outage was impacting Telkom mobile users in South Africa on Monday.
A planned new undersea cable called T4 and linking Africa, Indian Ocean islands and Asia, will improve redundancy in the region.