Vumatel and Dark Fibre Africa worth more than Telkom

Remgro released its audited results for the year ended 30 June 2023, which included details about Community Investment Ventures Holdings , in which Remgro has a 57.03% interest.CIVH’s contribution to Remgro’s headline earnings amounted to R206 million, a 338% increase over the R47 million contribution last year.DFA’s revenue increased by 6.8% to R2.653 billion, while its annuity income increased to R213 million per month.

The two fibre network operators’ improved financial performance helped increase Maziv’s valuation to R31 billion.It is interesting that Maziv’s valuation of R31 billion is now more than double Telkom’s market cap of R12.3 billion. The group’s revenue remained flat at R43.14 billion, but net income fell by 84.7% – from R2.6 billion in 2022 to R346 million in 2023.

Telkom’s share price declined by 50% over the last year, which saw its market cap shrink to under R12 billion.

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