BUSINESS DAY TV: We are investing in an IP network that carries a lot more data
Telkom CEO Sipho Maseko speaks to Business Day TV about full-year results and plans to divide the company into four businesses
Sipho Maseko is Telkom CEO. BUSINESS DAY TV: The integration of BCX into Telkom’s business-to-business division and the accelerated growth of its mobile business is paying dividends, literally. Both units have provided a kicker to Telkom’s full-year earnings released today and with overall revenue up 9.8%, headline earnings per share (HEPS) increasing 12.4% Telkom has upped its dividend 56%. Telkom CEO Sipho Maseko joins me now. Sipho, so safe to say your three-year turnaround strategy is paying off, but it seems like you’re getting it more right in some divisions rather than others. And I think mobile versus fixed-line at this point. SIPHO MASEKO: Yes, firstly its four years so you’re giving us the benefit of a year there. We’ve been at this slightly longer. Be that as it may though, I believe the inputs are right, much as the outputs that we see now are largely driven by the performance of mobile or the performance of BCX, but there are still quite a lot of things that we’re doing...
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