Telkom Group has reported flat revenue, with earnings up less than 1%, as legacy services and load-shedding put pressure on its performance.
Despite this, the group says its mobile business continued to drive growth in the consumer segment – mobile services revenue grew 1.8% and mobile customers increased 7.8% to 18.3 million. Taukobong points out next-generation data-led products now represent close to 70% of the group’s revenue base. “We expanded the fibre footprint across all channels, increasing the number of homes passed with fibre and surpassing the one million homes mark,” Taukobong notes.
“The converged communications business continued to be impacted by migration to next-generation technologies and robust competition in the market.”
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