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Telkom cuts fibre rollout spending
Telkom nearly halved its spending on fibre expansion through its network wholesale division Openserve during the last financial year.
According to the group’s results for the year ended March 2020, capital expenditure on fibre was R703 million, 42.2% less than the previous year’s R1.2 billion.
The company stated the lower investment was rationalised as part of a focus on areas showing a propensity for higher connectivity rates.
Telkom nearly halved its spending on fibre expansion through its network wholesale division Openserve during the last financial year.
According to the group’s results for the year ended March 2020, capital expenditure on fibre was R703 million, 42.2% less than the previous year’s R1.2 billion.
The company stated the lower investment was rationalised as part of a focus on areas showing a propensity for higher connectivity rates.