Telkom SA reports flat revenues in FY18

30 May 2018

South African telecoms operator Telkom has reported group operating revenue of ZAR41.02 billion (USD3.2 billion) for the twelve months ended 31 March 2018 (FY 2018), flat compared to the figure of ZAR40.97 billion reported in FY 2017. Mobile operating revenues grew 47.2% year-on-year, to ZAR5.15 billion in the period under review, while fixed service revenues declined by 4.7% y-o-y, to ZAR23.19 billion. EBITDA for the twelve-month period also decreased, to ZAR10.54 billion, down 3.6% from ZAR10.94 billion in FY 2017, while profit after tax dropped by 19.2% y-o-y to ZAR3.16 million (ZAR3.91 billion previously).

In operational terms, Telkom reported an increase in wireless subscribers (up 30.2% to 5.21 million) and mobile broadband subscribers (up 37.5% to 3.63 million). Fixed broadband subscribers, however, decreased by 2.2% to 981,176 at the end of March 2018, down from one million twelve months earlier. Telkom’s wholesale division Openserve passed 2.5 million premises with fibre-optics by end-March 2018 with more than 157,400km of fibre deployed nationwide, while the company reported that a total of 2.33 million sites supported LTE technology (1.68 million at end-March 2017).

South Africa, Telkom South Africa