The Money Show with Bruce Whitfield

Telkom adds 4.5m subscribers in a year to challenge MTN, Vodacom and Cell C

AFRICAN Press Association

We focussed on building a data-centric network… We truly believe the future is going to be data – 4G, 5G and beyond that…

Sipho Maseko, Group CEO - Telkom

Telkom slashed 13.4% of all permanent jobs in the 12 months to 31 March 2019.

It now employs 15 296 fulltime staff members, down from 17 472 a year ago.

The company’s earnings skyrocketed 22.6%.

The company announced headline earnings per share (HEPS) of 722.4 cents (from 589.3 cents the year before).

Telkom added 4.5 million (to 9.7 million) mobile subscribers during the reporting period.

The Money Show’s Bruce Whitfield interviewed Sipho Maseko, Group CEO at Telkom.

Listen to the interview in the audio below (and scroll down for more quotes from it).

Copper has served us well… it generates jolly good cash… We’re using that to build a new future for the company… Some of the nefarious people help us to get it out of the ground… It’s worth a bit…

Sipho Maseko, Group CEO - Telkom

5G will need a lot more fibre on the ground…

Sipho Maseko, Group CEO - Telkom

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