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Telkom South Africa revenue rises nearly 1 percent in first 9 months

Monday 8 February 2021 | 11:16 CET | News
Telkom South Africa said group revenue increased by 0.9 percent to ZAR 32.43 billion in the nine months to 31 December 2020 from ZAR 32.13 billion in the same period of 2019, driven by growth of 40.7 percent in mobile service revenue. This was despite a 26.2 percent decline in fixed voice and interconnection revenue. The revenue growth compares favourably with the decline of 0.4 percent reported in the first half of the year, and follows a slight recovery in the South African economy in the third quarter after the Covid-19 lockdown.

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Categories: General
Companies: BCX / Openserve / Telkom
Countries: South Africa
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