South Africa mobile network operator Telkom Group, which has operations in numerous other African countries, has released its financial results for the four months period ended 31 December 2022, showing impressive top-line growth in most of its verticals.
The company’s mobile data traffic and subscribers are up 25.6% and 12.9% year-on-year to 309 petabytes and 18.6 million subscribers respectively while mobile broadband customers are up 9.9% to 11.5 million, comprising almost 62% of active mobile customers.
Telkom CEO Serame Taukobong says overall, Telkom’s revenue is up 2.3% to R11 billion. Still, its earnings before interest, taxes, depreciation, and amortisation are down 13.5% to R2.5 billion, showing the company’s continued struggle with profitability and bottom-line growth.