News Formal

Telkom mobile growth fails to offset decline in fixed-line business in third quarter

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United Kingdom News News

Active cellular customers up 10% in the three months to end-December, but its legacy business weighed

Telkom, SA's third-largest mobile operator, says double-digit customer growth in its mobile business was insufficient to offset the continued decline of its traditional fixed-line business and supply challenges in the last three months of 2021.

Active mobile customers grew 10% year on year to 16.4-million to end-December, the group's third quarter, but revenue fell 2.3% to R10.78bn, with Telkom's IT services unit feeling the pressure of a global chip shortage that meant it struggled to meet customer orders for hardware...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Market reportBusiness Day TV talks to David Shapiro from Sasfin Securities
Source: BDliveSA - 🏆 12. / 63 Read more »