Jamie McKane
MyBroadband Journalist
- Joined
- Mar 2, 2016
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Why Telkom is suffering
Telkom’s share price has plummeted from around R100 per share to just over R50 per share over the last five months, which points to the investment community losing trust in the company.
There are many reasons for the lack of trust, including a rapid decline in fixed-line customers, lower enterprise voice and data revenue, increasing debt, and Telkom’s plan to buy Cell C.
Telkom’s share price has plummeted from around R100 per share to just over R50 per share over the last five months, which points to the investment community losing trust in the company.
There are many reasons for the lack of trust, including a rapid decline in fixed-line customers, lower enterprise voice and data revenue, increasing debt, and Telkom’s plan to buy Cell C.