South Africa's Telkom profit rises on subscriber growth and fibre services
South Africa
's
Telkom
reported a 6.5% rise in quarterly core profit on Tuesday, helped by subscriber growth and increased use of its "next-generation network" (NGN) offerings as it ditched legacy services.
Earnings before interest, tax, depreciation and amortisation (EBITDA), came in at 2.8 billion rand ($155.62 million) in the first quarter ended June 30, South Africa's third-largest telecom company said in a statement.
Overall group revenue rose 1.1% to 10.82 billion rand with
mobile service revenue
and Openserve's fibre data revenue up 7.8% and 11.3%, respectively.
Telkom said mobile data subscribers surged 27.5% to 17.2 million, while there was a 17.5% increase in the number of homes connected with fibre.
The majority state-owned company has been investing in migrating customers away from copper-based technology to offerings such as fibre and long-term evolution - a 4G wireless standard - as customers seek faster internet services.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
05-08-2025
- Time of India
South Africa's Telkom profit rises on subscriber growth and fibre services
JOHANNESBURG: South Africa 's Telkom reported a 6.5% rise in quarterly core profit on Tuesday, helped by subscriber growth and increased use of its "next-generation network" (NGN) offerings as it ditched legacy services. Earnings before interest, tax, depreciation and amortisation (EBITDA), came in at 2.8 billion rand ($155.62 million) in the first quarter ended June 30, South Africa's third-largest telecom company said in a statement. Overall group revenue rose 1.1% to 10.82 billion rand with mobile service revenue and Openserve's fibre data revenue up 7.8% and 11.3%, respectively. Telkom said mobile data subscribers surged 27.5% to 17.2 million, while there was a 17.5% increase in the number of homes connected with fibre. The majority state-owned company has been investing in migrating customers away from copper-based technology to offerings such as fibre and long-term evolution - a 4G wireless standard - as customers seek faster internet services.
Mint
10-07-2025
- Mint
Mitratel Is Said to Weigh Reviving $5.5 Billion Bersama Merger
(Bloomberg) -- Indonesian telecommunications tower company PT Dayamitra Telekomunikasi is considering reviving a merger with rival PT Tower Bersama Infrastructure, people familiar with the matter said, which would mark the second such attempt in a decade. The companies, both listed in Jakarta, have held early talks with prospective advisers about the merits of a potential combination that could create an entity worth about 90 trillion rupiah ($5.5 billion), the people said, asking not to be identified because the deliberations are private. Shares of Dayamitra, known as Mitratel, have fallen about 17% this year, giving it a market value of roughly 45 trillion rupiah. Tower Bersama's stock has dropped about 4%, valuing it at 45.8 trillion rupiah. This would be the second attempt to merge the two tower firms, after a previous plan fell apart in 2015. It would also follow a wave of consolidation in the telecoms sector in Indonesia. Some recent deals include a $6.5 billion merger between PT XL Axiata and PT Smartfren Telecom, and a similar move by CK Hutchison Holdings Ltd. and Qatar's Ooredoo QPSC, which combined their local businesses in 2022 in a $6 billion transaction to create PT Indosat. Mitratel — which is about 72% controlled by PT Telkom Indonesia Persero — owns and manages more than 39,400 towers, according to its latest annual report. Indonesia's government holds roughly 52% Telkom through the nation's sovereign wealth fund Danantara. Tower Bersama, established in 2004 and listed on the Jakarta stock exchange six years later, has more 23,000 telecom sites, according to its website. The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya. Macquarie Group Ltd.'s asset management arm also holds a significant minority stake in Bersama Digital after it invested around $610 million in 2022. Considerations about a potential merger of Mitratel and Bersama are at an early stage and there's no certainty there will be a deal, the people said. Representatives for Tower Bersama, Mitratel and Danantara didn't reply to requests for comment, while Telkom declined to comment. --With assistance from Tassia Sipahutar. More stories like this are available on
Time of India
10-06-2025
- Time of India
South Africa's Telkom resumes dividends as earnings jump 62.3%
By Nqobile Dludla JOHANNESBURG: South African telecommunication firm Telkom reported on Tuesday a 62.3% rise in full-year earnings and resumed dividends after a four-year suspension, declaring also a special dividend of 98 cents per share. In 2020, the operator of South Africa's biggest fixed-line network announced the suspension of dividends for the next three financial years starting in 2021 to conserve cash for spectrum auctions and strengthen its financial position. However, after reaching the initial target, the under-pressure operator delayed resuming dividend payments as it faced challenging market conditions. "This year's robust performance and strategic execution allow us to share the fruits of our success with shareholders by distributing both an ordinary and a special dividend. In total, the group will return 1.3 billion rand ($73.28 million) to its shareholders," Telkom said in a statement. Telkom, majority-owned by the government, said its headline earnings per share for continuing operations rose to 467.5 cents in the year ended March 31, up from 288.1 cents a year earlier. Telkom - which owns a big chunk of the fast growing home and business fibre market - declared a final dividend of 163 cents per share. Revenue increased by 3.3% to 43.8 billion rand, surpassing expectations due to strong growth in mobile service revenue, which rose 10.2%, and fibre-related data revenue, up 10%. Analysts surveyed by LSEG had forecasted revenue of 43.5 billion rand. Group adjusted earnings before interest, tax, depreciation and amortization (EBITDA) jumped by 25.1% to 11.7 billion rand, while the EBITDA margin expanded by 4.7 percentage points to 26.9% due to cost-optimization initiatives.
