{"id":5885,"date":"2008-11-07T22:40:00","date_gmt":"2008-11-07T20:40:00","guid":{"rendered":""},"modified":"2008-11-07T22:40:00","modified_gmt":"2008-11-07T20:40:00","slug":"telkom-revenue-to-tumble","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/telecoms\/5885-telkom-revenue-to-tumble.html","title":{"rendered":"Telkom revenue to tumble"},"content":{"rendered":"<p>South African telecoms firm Telkom (TKG) said on Thursday the deal to get rid of its mobile phone assets will slash annual revenue by R21.8bn to R34.5bn. <\/p>\n<p>Earlier Telkom said it would sell 15% of its 50% stake in Vodacom to joint owner Vodafone for R22.5bn and spin off the rest to shareholders. <\/p>\n<p>Half of the sale proceeds will be handed out to shareholders through a special dividend and half retained to reposition itself through expansion and acquisitions. <\/p>\n<p>EBITDA from its fixed-line business and other units would be cut from R20.6bn to R12.4bn after the transaction, but gross debt would be reduced to R15.2bn from R18.4bn after stripping off 50% of Vodacom debt. <\/p>\n<p>Total cash would be boosted to R10.9bn from R1.7bn.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=144479\"><strong>Telkom revenue discussion<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom said on Thursday the deal to get rid of its Vodacom stake will slash annual revenue<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5885","post","type-post","status-publish","format-standard","hentry","category-telecoms"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5885"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=5885"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5885\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=5885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=5885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=5885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}