Telkom sees increase in subscribers

Wednesday, November 14, 2018

Telecommunications and Postal Services Minister Dr Siyabonga Cwele has welcomed Telkom’s half-year financial results, which reflect an increase in revenue and mobile user numbers.

Telkom’s interim financial results are for the six-month period, which ended on 30 September 2018.

Telkom’s mobile broadband subscribers were up 66.8% to 4 751 688. Active mobile subscribers were up 50% to 6 545 101, pre-paid subscribers were up 60.7% to 4 877 613 and the post-paid subscribers were up by 25.4% to 1 667 488.

The Minister said government will once again be getting a dividend from Telkom, despite the tough economic environment. Telkom has declared a dividend of 112 cents per share.

Cwele said government was no longer considering the possibility of selling its shares in Telkom.

He acknowledged the leadership of the board and the management of the executive team of Telkom for the results.

Cwele said the department is supporting Telkom’s Black Economic Empowerment (BEE) facilitation application. –