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.
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