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Telkom lost almost R2bn of its market value in early trading on Monday after reporting that double-digit customer growth in its mobile business was insufficient to offset the continued decline of its traditional fixed-line business and supply challenges in the last three months of 2021.

SA’s third-biggest mobile operator on Monday said customer numbers grew 10% year on year to 16.4-million in its third quarter to end-December, but revenue fell 2.3% to R10.78bn, with the information technology (IT) services unit struggling to meet orders for hardware as a result of the global chip shortage...

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