South Africa's Telkom profit rises on subscriber growth and fibre services

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

SA’s Telkom Reports Solid Q1 Growth Driven by Data, Fibre Expansion - Tech

Telkom has posted a strong first-quarter performance, recording a 6.5% increase in core profit as demand for faster internet and next-generation network (NGN) services continues to climb. For the three months ending 30 June, the South African telecoms provider reported earnings before interest, tax, depreciation and amortisation (EBITDA) of R2.8 billion ($155.6 million), with group revenue edging up 1.1% to R10.82 billion.  The growth was underp…