Telkom

News Summary:

Telkom SA SOC Ltd plans to issue notes under its ZAR15 billion Domestic Medium Term Note Programme, as outlined in a Programme Memorandum that details investor considerations and various market, credit, and liquidity risks. This announcement on June 22, 2026, followed the Telkom Group's strong FY2025 performance, also reported on June 22, 2026, which saw revenue increase by 3.3% to R43.88 billion and adjusted EBITDA grow by 25.1% to R11.79 billion. The company reinstated its dividend policy, declaring a final ordinary dividend of 163.05 cents per share and a special dividend of 97.82 cents per share, driven by robust growth in its mobile business (service revenue up 10.2% to R20.97 billion) and fibre business Openserve (fibre-related data revenue up 15.5% to R7.76 billion). Earlier on the same day, Telkom SA SOC Ltd reported its FY2023 performance, where revenue increased by 0.9% to R43,138 million despite a 19.8% decline in EBITDA due to severe loadshedding. During FY2023, Telkom invested in its fibre network, deploying over 170,000 km and connecting more than 492,812 homes, while also launching its 5G network in October 2022 and acquiring sub 1 GHz spectrum. Previously, on June 22, 2026, Telkom SA SOC Ltd reported revenue growth of 4.5% to R42.463 billion for the year ended March 31, 2024, driven by mobile service revenue and IT software and licenses sales. The Group's operating profit improved by 34.6% to R3.903 billion, with cash generated from operations increasing by 17.4% to R10.235 billion.