Telkom mobile revenue skyrockets by 47% (overall revenue remains flat at R41bn)

Telkom announced revenue of R41 billion on Monday, boosted by a 47% jump in mobile revenue.

The group reported a 19.25% decrease in profits after tax to R3.158 billion, mainly due to an increase in taxation expenses.

It also reported headline earnings per share of 597 cents, and a dividend of 355 cents per share.

The Money Show’s Bruce Whitfield interviewed Telkom Group CEO Sipho Maseko.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

We have about 800 000 LTE subscribers… We’ve been able to create a new broadband market…

Sipho Maseko, Telkom Group

It’s going to be about price, and network capacity…

Sipho Maseko, Telkom Group

We’ve managed the decline in the old… you’ll see the acceleration of this migration…

Sipho Maseko, Telkom Group

The new entrants will change the game…

Sipho Maseko, Telkom Group

For the very first time, the new revenue streams are contributing more than the old revenue streams…

Sipho Maseko, Telkom Group

We don’t replace copper when thieves steal it…

Sipho Maseko, Telkom Group

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This article first appeared on 702 : Telkom mobile revenue skyrockets by 47% (overall revenue remains flat at R41bn)


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