TeleGeography Logo

Revenues rise, profits fall at Telkom

17 Nov 2008

Telkom South Africa has seen revenues for the six months to end-September climb 9.8% over the same period last year to ZAR29.9 billion (USD3.82 billion). EBITDA dropped 2.8% to ZAR10.0 billion, while operating profit was down 9.3% at ZAR6.7 billion and net profit fell from ZAR3.7 billion to ZAR3.62 billion. The fixed line division reported a 2.8% rise in sales to ZAR16.6 billion, with data revenues up 12% at ZAR4.5 billion. Telkom claimed more than 490,000 ADSL internet customers at end-September, up 46.7% year-on-year.

Telkom is in the process of offloading its 50% stake in cellular subsidiary Vodacom, with the UK’s Vodafone Group agreeing to pay ZAR22.5 billion to raise its own interest from 50% to 65%. The unit said first-half profit was up 2.7% at ZAR3.69 million, with growth in subscriber numbers offsetting a 15% increase in operating expenses. Customer numbers were up 13% year-on-year to reach 35.7 million at end-September. Vodacom CEO Pieter Uys says the firm is looking to reposition itself as a full service provider across the whole of Africa.

South Africa, Telkom South Africa, Vodacom Group

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.