Telkom’s financial results for the six months ending 30 September 2024 show significant mobile subscriber growth and a notable increase in mobile service revenue.<\/p>\n\n\n\n
The group’s mobile business saw the biggest capital investment, R1.3 billion, expanding its footprint by 1.7% to 7,814 integrated sites.<\/p>\n\n\n\n
It also grew its mobile subscriber base by 24.6% to 22.8 million.<\/p>\n\n\n\n
“Mobile initiatives were focused on managing device costs by driving prepaid plans and stringent credit vetting to de-risk the post-paid portfolio,” said Telkom Group CEO Serame Taukobong.<\/p>\n\n\n\n
“Roaming costs were well managed while expanding mobile network coverage and capacity to facilitate traffic migration onto our mobile network, leading to efficiency gains.”<\/p>\n\n\n\n
Prepaid customers comprised the bulk of subscribers, expanding by 29.1% to 19.8 million from 15.3 million subscribers the year before.<\/p>\n\n\n\n
On the other hand, post-paid subscribers increased by a mere 1.4% to just over 3 million.<\/p>\n\n\n\n
However, Telkom’s average revenue per user (ARPU) only increased for post-paid customers, growing by 1.8% to R185.62. Prepaid ARPU dropped by 4.6% to R61.46.<\/p>\n\n\n\n
The average ARPU also decreased by just under R5 to R79.97.<\/p>\n\n\n\n
Total mobile operations revenue earned increased by 6% to R11.7 billion, which the group attributes to a 10% growth in mobile service revenue, which reached R10.2 billion.<\/p>\n\n\n\n
Telkom’s overall revenue growth was also attributed to this increase in mobile service revenue and the group’s fibre business revenue.<\/p>\n\n\n\n
Telkom also saw a surge in its mobile data consumers, which increased to 14.6 million from 12.2 million last year \u2014 a 19.6% jump.<\/p>\n\n\n\n
The group noted that this implies that 64% of its mobile subscriber base now uses mobile broadband.<\/p>\n\n\n\n
This increase also led to a surge in mobile data usage, which grew by 25.7% from 676 petabytes to 850 petabytes, or 850 million gigabytes.<\/p>\n\n\n\n
“Data traffic increased by 25.7% and 28.5% for the mobile and fibre businesses, respectively, a testament to the healthy appetite for seamless connectivity in South Africa,” Telkom said.<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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