Telkom earnings rise due to profit on sale of Swiftnet
28 March 2025 - 11:26
Telkom has completed the sale of its masts and towers business Swiftnet, a move that pushed up earnings fourfold in its current financial year.
In a trading update on Friday, the state-affiliated group said it successfully closed out the sale of Swiftnet on March 17. The provisional consideration received in cash amounted to R6.575bn...
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