Latest news with #NGN
Time of India
05-08-2025
- Business
- 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.
Reuters
05-08-2025
- Business
- Reuters
South Africa's Telkom profit rises on subscriber growth and fibre services
JOHANNESBURG, Aug 5 (Reuters) - South Africa's Telkom (TKGJ.J), opens new tab 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. ($1 = 17.9928 rand)
CNA
05-08-2025
- Business
- CNA
South Africa's Telkom profit rises on subscriber growth and fibre services
JOHANNESBURG :South Africa's Telkom reported a 6.5 per cent 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 per cent to 10.82 billion rand with mobile service revenue and Openserve's fibre data revenue up 7.8 per cent and 11.3 per cent, respectively. Telkom said mobile data subscribers surged 27.5 per cent to 17.2 million, while there was a 17.5 per cent 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. ($1 = 17.9928 rand)
The Star
05-08-2025
- Business
- The Star
South Africa's Telkom profit rises on subscriber growth and fibre services
FILE PHOTO: Shoppers walk past a branch of South Africa's mobile operator, Telkom, in Johannesburg, South Africa, April 17,2025. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) -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. ($1 = 17.9928 rand) (Reporting by Sfundo Parakozov;Editing by Kirsten Donovan)
Fintech News ME
21-07-2025
- Business
- Fintech News ME
Pesa Expands to UAE, Launches AED Wallet to Serve Nigerian Diaspora in Dubai
Pesa, a leading fintech platform renowned for its commitment to seamless and affordable international money transfers, today announced its official launch in the United Arab Emirates (UAE). This strategic expansion allows Nigerians in the UAE to effortlessly send money home to Nigeria and conveniently receive funds in Dubai through a dedicated Pesa Dubai (AED) wallet. This move reinforces Pesa's mission to ensure consistent, targeted, and engaging financial services focused on activation, trust, and deep community relevance. Since its inception, Pesa has been on a mission to localize the global money transfer experience, bridging the significant gap between domestic and international remittances by making cross-border transactions as hassle-free and intuitive as sending money within the same country. With a strong track record, including growing its user base to over 150,000 strong, Pesa has already connected countless lives and supported families and businesses across continents. This proven success, stemming from understanding the unique needs of its users and providing reliable, cost-effective solutions, now paves the way for its Dubai rollout, which aims to build awareness, drive new wallet sign-ups and first transactions, foster trust, and position Pesa as the go-to platform for the Nigerian diaspora. The launch in Dubai directly addresses a critical pain point for the vibrant Nigerian diaspora community in the UAE. Sending money from Dubai to Nigeria has been fraught with challenges, including high fees, unfavorable exchange rates, and lengthy transfer times. Pesa's entry into the market aims to dismantle these barriers, offering a much-needed alternative that prioritizes user value and convenience. With the new Pesa Dubai (AED) wallet, users can now experience near real-time transfers from AED to NGN, ensuring their money gets home fast, while simultaneously benefiting from Pesa's commitment to offering competitive exchange rates that significantly surpass traditional services, thereby maximizing the value of every dirham sent. This is coupled with the assurance of zero hidden fees, meaning complete transparency where what you see is precisely what you get, and all transactions are backed by robust compliance with international financial regulations and dedicated user support, ensuring a secure and trustworthy platform. 'Our expansion into the UAE is about more than just features; it's about building bridges with heart for the Nigerian diaspora,' said Tolu Osho, Co-Founder/CEO of Pesa. 'We're committed to providing a remittance service that truly respects their hard work, offering unparalleled transparency, security, and peace of mind.' Pesa operates with a steadfast commitment to global regulatory compliance, registered and regulated in Canada (FINTRAC), the United States (FinCEN), the UK (FCA), and Australia (AUSTRAC). This robust adherence underpins Pesa's secure and trustworthy platform, ensuring full compliance with all financial regulations set forth by the UAE authorities and meeting the highest standards of financial integrity. Nigerians in Dubai can now download the Pesa app and create their AED wallet to begin sending money home seamlessly via
