Telkom is burning more and more cash, margins are down and its mobile growth has slowed significantly. Moneyweb CompanyNews
Telkom is burning more and more cash , margins are down and its mobile growth has slowed significantly. Debt is at the highest level in years. But the board and management believe the sum of its parts is worth substantially more than the market currently thinks . This is likely true. Suitors, including MTN and rain, know there is value trapped in the business. Former CEO Sipho Maseko is acutely aware of just how much money can be made.
With the era of zero interest rates now over, acquirers can be a lot more aggressive when negotiating, and we’ll soon see just how much Telkom manages to raise. It loses the R1.3 billion in revenue, and Ebitda of R900 million-plus, meaning its work to restore group margins to 25% is going to be even harder.
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