Telkom’s fixed line shocker

Telkom released its financial results for the year ended 31 March 2014, revealing that the company currently has 3,618,000 fixed access lines.

These results show that Telkom lost 182,000 fixed line subscribers over the last twelve months.

Telkom’s latest fixed line numbers are now the lowest since 1994, when South Africa held its first democratic elections.

The lower number of fixed lines mean that the number of “fixed access lines per employee” is now 188 – up from 179 a year ago. This is not good news for the company.

In addition, fixed-line voice usage was impacted by a decline in number of lines of 4.8%.

The following table provides an overview of Telkom fixed line growth and decline since the early nineties.

Year Fixed line subscribers Change
1993 3,458,000
1994 3,594,000 136,000
1995 3,773,000 179,000
1996 3,926,000 153,000
1997 4,259,000 333,000
1998 4,645,000 386,000
1999 5,075,000 430,000
2000 5,493,000 418,000
2001 4,962,000 -531,000
2002 4,924,000 -38,000
2003 4,844,000 -80,000
2004 4,821,000 -23,000
2005 4,726,000 -95,000
2006 4,708,000 -18,000
2007 4,642,000 -66,000
2008 4,533,000 -109,000
2009 4,451,000 -82,000
2010 4,273,000 -178,000
2011 4,073,000 -200,000
2012 3,995,000 -78,000
2013 3,800,000 -195,000
2014 3,618,000 -182,000

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Telkom’s fixed line shocker