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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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