Telkom suffers R10bn loss amid impairments, warns it won't pay dividends next year either | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 80%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

SA's third-biggest mobile operator Telkom warned it wouldn't pay dividends for a fourth year, believing it prudent to first strengthen its balance sheet after suffering an annual loss of about two-thirds of its market value. | News24_Business

Telkom had suspended dividends for three years, with 2023 meant to be the final year, but said on Tuesday it would not be paying a dividend in 2024 either.

"As we continued to manage the transition to next-generation technologies, group performance was under pressure from a pronounced reduction in legacy revenues for the year." While Telkom is trying to cut costs as part of its turnaround, the group is also looking to sell some of its businesses.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Telkom rejects former CEO’s bid for controlling stake in companyThe operator’s board immediately rejected the bid for being too low.
Herkunft: mybroadband - 🏆 11. / 67 Weiterlesen »