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

      Dark weekend lies ahead thanks to you know who

      20 May 2022

      CSIR develops app to help kids learn to read

      20 May 2022

      Prosus to sell Russia’s Avito

      20 May 2022

      Shock as Mustek CEO David Kan dies

      19 May 2022

      Sabotage at Eskom’s Tutuka plant

      19 May 2022
    • World

      Chip giant ASML places big bets on a tiny future

      20 May 2022

      Musk moves to soothe investor fears over Tesla

      20 May 2022

      Apple is almost ready to show off its mixed-reality headset

      20 May 2022

      TikTok plans big push into gaming

      19 May 2022

      Musk says he will vote Republican, calls ESG a ‘scam’

      19 May 2022
    • In-depth

      Elon Musk is becoming like Henry Ford – and that’s not a good thing

      17 May 2022

      Stablecoins wend wobbly way into the unknown

      17 May 2022

      The standard model of particle physics may be broken

      11 May 2022

      Meet Jared Birchall, Elon Musk’s personal ‘fixer’

      6 May 2022

      Twitter takeover was brash and fast, with Musk calling the shots

      26 April 2022
    • Podcasts

      Dean Broadley on why product design at Yoco is an evolving art

      18 May 2022

      Everything PC S01E02 – ‘AMD: Ryzen from the dead – part 2’

      17 May 2022

      Everything PC S01E01 – ‘AMD: Ryzen from the dead – part 1’

      10 May 2022

      Llew Claasen on how exchange controls are harming SA tech start-ups

      2 May 2022

      The inside scoop on OVEX’s big expansion plans

      20 April 2022
    • Opinion

      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

      Cash is still king … but not for much longer

      31 March 2022

      Icasa on the role of TV white spaces and dynamic spectrum access

      31 March 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»Sections»IT services»Telkom considers strategic options for underperforming BCX

    Telkom considers strategic options for underperforming BCX

    IT services By Nqobile Dludla9 November 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday after reporting a 30.4% jump in half-year profit.

    Telkom’s IT business, which offers enterprise solutions for companies, has been under pressure due to sluggish investments by firms hit by the pandemic, and global supply chain issues and chip shortages.

    The partly state-owned telecommunications operator said the “intervention” in the IT business would not be limited to a strategic partnership only. “This is aimed at addressing capacity and capabilities in BCX and ensure sustainable growth going forward,” Telkom said.

    BCX saw its revenue decline by 6.1% to R7.5-billion in the six months ended 30 September

    BCX, Telkom’s ICT services subsidiary that owns and operates the IT business, saw its revenue decline by 6.1% to R7.5-billion in the six months ended 30 September.

    Its headline earnings per share rose to 285.5c from 219c a year earlier, driven by lower finance charges and fair value movements, an accounting term which refers to a change in the carrying value of an asset.

    Group earnings before interest, tax, depreciation and amortisation, a measure of operating profit, rose 1.2% on cost management, while group revenue was flat at R21.3-billion as growth in the mobile business and masts and towers unit was offset by the IT business and a decline in the fixed-line unit.

    Telkom’s consumer-focused division, which includes its mobile business, grew with mobile service revenue rising 6.8% and mobile data revenue up 6.1%.  — (c) 2021 Reuters

    BCX Telkom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleShift to renewables risks creating ghost towns: Mantashe
    Next Article Nvidia market cap tops $800-billion

    Related Posts

    Dark weekend lies ahead thanks to you know who

    20 May 2022

    CSIR develops app to help kids learn to read

    20 May 2022

    Fast-rising fintech Bankingly closes $11m investment round

    20 May 2022
    Add A Comment

    Comments are closed.

    Promoted

    Fast-rising fintech Bankingly closes $11m investment round

    20 May 2022

    Creating an effective employer value proposition for the new era of work

    20 May 2022

    Why fibre is the new utility – and what it means for South Africa

    19 May 2022
    Opinion

    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

    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.