Sipho Maseko — PICTURE: MARTIN RHODES The strangest thing happened this week when Telkom announced its annual results for the year to March. In a departure from the usual feeding frenzy when the previously dysfunctional fixed-line operator released its figures in the past, headlines were mostly positive.The only exception, gleaned from a Google search, was: “Telkom fixed-line shocker”, an article about the drop in the number of Telkom landlines.Telkom has 3.2 million landlines, a drop from 3.4 million in the previous financial year, and the biggest annual fall since 2001. Landlines peaked in 2000, at 5.5 million. As stark as this decline is, it hardly seems like news in this mobile era.Telkom says it has connected 81 503 homes to new, superfast fibre broadband; and last year spent R757-million on fibre-to-the-home infrastructure, up 200% over the previous year’s R252-million. It has more than 1m broadband subscribers, a slight increase from the previous year.Telkom is now worth R34-...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.