TechInAfrica – Telkom South Africa has reported its time interval results for the six months ending 30 September 2020. The reports showed that the mobile subscribers of Telkom increased by 19%, reaching 13,7 million. This result makes Telkom become the third best mobile operator in South Africa.
The CEO of Telkom Group, Sipho Maseko said that Telkom decided to invest in infrastructure forward of needs allowing them to meet the increase in demand and endure the acceleration of the condition in fixed voice revenue during the national lockdown.
Telkom Mobile enlarged margin by 13.2 pts to 29.9%, the optimized immediate cost to income ratio from 53% in the preceding period to 38%, and more than doubled its EBITDA to R2.9 billion.
Regardless of the national lockdown, Telkom Mobile has performed well. It was shown by the increase in mobile data traffic that is up to 81%. This high traffic is caused by the current condition that makes people work and learn from home.
However, based on BCX and SMB, there is a decrease of 11,3% and 25% respectively caused by the fall of company fixed voice income. The reduction of fixed voice quantity also impacted Openserve negatively with gross decreasing by 13.6%, a shift is driven by a 22.7% decline in fixed voice revenue compared to the previous period.
Neglecting this decline, Openserve still preserved the highest connectivity rank in the market by increasing the fiber to home connectivity rate from 43.6% in the prior year to 53.8%.