Telkom has released its interim results for the six months ended 30 September 2024, revealing a significant reduction in expenditure for its fibre and mobile networks.
Regarding continuing operations, Telkom’s capital expenditure declined from R3.1 billion during the reporting period in 2023, to R2.54 billion during the six months ended 30 September 2024. The company noted that its funding framework focuses on growth areas and aims to improve on invested capital while ensuring a healthy balance sheet.
It added that targeted “smart capex investments” in network infrastructure had improved customer experience on its networks, noting that its fibre business holds an Interaction Net Promoter Score of 75 and high core network availability at 99.99%.Its annual results for 2022/23 showed that the network operator hadcompared to the previous financial year, from R2.8 billion to R3.7 billion.