Today's Bulletin: December 11, 2024

More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Africacom
AfricaCom 2024
AI
Apps
Apps
Banking
Broadcast
CABSAT
Cabsat
Cloud
Column
Content
Corona
DTT
eCommerce
Editorial
Education
Entertainment
Events
Fintech
Fixed
Gitex
Gitex Africa
Healthcare
IBC
Industry Voices
Infrastructure
IoT
MNVO Nation Africa
Mobile
Mobile Payments
Music
MWC Barcelona
MWC Kigali
News
Opinion Piece
Q&A
Satellite
Security
Software
Startups
Streaming
Technology
TechTalks
TechTalkThursday
Telecoms
Utilities
Video Interview
Follow us

Telkom Reflects Strong Growth in Their Interim Results

November 9, 2021
2 min read
Author: Editorial Team

Telkom has published its Interim Results for the six months ending 30 September 2021 reflecting strong earnings growth in the first half of the financial year.

In a period marred by civil unrest, global semiconductor shortage and a third wave of COVID 19, Telkom sustained revenue and delivered EBITDA growth of 1.2%.

“The results attest to the success of our investment strategy and prudent cost management through the volatility of the last quarter.”

Sipho Maseko, Chief Executive Officer, Telkom Group

Telkom’s sustainable cost management programme saw operating expenses decline 3.1% year or year contributing to the expansion of the EBITDA margin by 0.5 ppt to 28.1%.

Reported Headline Earnings Per Share (HEPS) increased by 30.4% to 285.5 cents while Basic Earnings per Share (BEPS) increased by 27.3% to 276.8 cents compared to the prior period.

Mobile subscribers increased by 18.8% to 16.3 million subscribers with mobile revenue from Telkom up 9.7% to R10 366 million. Telkom Mobile continues to optimise the cost to serve as it grows, with the optimization of roaming expenses contributing to the improvement in EBITDA.

“Our strategy to build a data led network continues to serve us well with 10.3% growth in mobile broadband customers representing a surge of over 65.5% of our active customer base.”

Sipho Maseko, Chief Executive Officer, Telkom Group

Openserve has stabilised topline revenue at R6 720 million. Over the period, homes passed with fibre increased by 54.2% to 707 399. The number of homes connected with fibre surpassed the number of homes connected with copper by 43.7%.

Telkom’s enterprise business was the most affected by the economic challenges over the period, with BCX revenue declining by 6.1% to R7 461 million.

Gyro masts and towers (Swiftnet) increased revenue by 7.3% to R674 million.

According to Maseko, Telkom remains on track for the listing of the masts & towers business on the Johannesburg Stock Exchange (JSE) before the end of the financial year.

“The listing will affirm the valuation of the masts & towers and contribute to the overall valuation of the Telkom business.”

Sipho Maseko, Chief Executive Officer, Telkom Group

Telkom will be better placed to take a holistic view of the capital allocation and following deliberation by the Board, make an announcement on the dividend policy at the end of the financial year, Maseko concludes.

Follow us on LinkedIn

Newsletter signup

Sign up for our weekly newsletter and get the latest industry insights right in your inbox!

Please wait...

Thank you for sign up!