Revenue up: Mobile a bright spot for Telkom ~
Telkom has reports group revenue up 3,8% to R10 668-million for the quarter ended 30 June 2023.Telkom Mobile saw positive growth, with mobile revenue up 5,2% to R5 448-million This comprises a 6,5% increase in mobile service revenue and a 9,9% increase in mobile data revenue.
Serame Taukobong, group CEO of Telkom, comments: Telkom has started the 2024 financial year with good momentum. Group performance was pleasing in the face of rolling power outages , muted economic growth, continuing inflationary pressures on consumers and an intensely competitive landscape.” Telkom is currently engaged in discussions with two bidders and will provide updates on the outcome of the process in due course.
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