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Telkom H1 EBITDA rises 15% to ZAR 5 bln
2015-11-16 09:01:00| Telecompaper Headlines
(Telecompaper) South African operator Telkom reported a 15.1 percent increase in its EBITDA for the first half ended 30 September to ZAR 5.04 billion, helped by a 2.3 percent fall in operating costs and smaller losses at its mobile business. Revenues rose 1.2 percent to ZAR 13.46 billion, led by the expansion in the mobile business, where service and subscription revenue increased 41 percent to ZAR 1.2 billion. Headline earnings per share, excluding one-off items, increased 13.9 percent to ZAR 2.81. Telkom said it continued with its efforts to transform the company and stabilise revenue. Operating revenue increased by 5.5 percent compared to the same period last year, spurred on by the continuing growth in the mobile business. Fixed line usage continues to decline, with fixed voice revenue decreasing by about 3 percent compared to the same period a year ago. Data connectivity revenue dropped by more than 5 percent, as more competitors moved to their own infrastructure and Telkom migrated customers from leased lines to new service offerings. Capital expenditure rose by 20 percent year-on-year to ZAR 2.34 billion, on the expansion of Telkom's mobile, fibre and LTE networks. The number of ADSL subscribers increased 4.2 percent to 1.012 million. Active mobile subscribers rose by 11.5 percent to 2.257 million and generated ARPU of ZAR 89.05. During the period, competition increased substantially while the economy remained soft. Telkom said it expects the market challenges to continue in H2, but it will continue with its focus on managing costs and expects the mobile business to be EBITDA positive by year end.
MTN Group H1 revenue falls 4.9% to ZAR 69.2 bln
2015-08-05 12:49:00| Telecompaper Headlines
(Telecompaper) MTN Group reported a 4.9 percent decrease in revenues for the first half to ZAR 69.2 billion, hurt by negative currency effects. Despite the negative currency effects, the group continued to benefit from increased demand for data services, increasing data revenue by 21.3 percent. This followed an 87 percent annual increase in data traffic as well as encouraging growth in digital and mobile financial services, MTN said. EBITDA decreased 10.1 percent to ZAR 30.3 billion, and the EBITDA margin declined by 2.6 percentage points to 43.7 percent, mainly as a result of lower revenue and weaker local currencies impacting costs. The sale and lease back of towers, which were largely earnings neutral due to lower depreciation costs, were also a drag on the EBITDA margin. However, good progress in transforming the operating model, maintaining cost growth below inflation and optimising resources partly offset the decline in margin. Headline earnings decreased 10.3 percent to ZAR 6.54, in line with the mobile operator's earlier trading update. MTN said the results reflect a challenging operating environment and lower-than-expected performance in parts of the business.
Telkom Group net profit falls 19.5% to ZAR 2.9 bln
2015-06-09 11:09:00| Telecompaper Headlines
(Telecompaper) Telkom Group reported a 19.5 percent decline in its net profit to ZAR 2.9 billion for the financial year ended 31 March from ZAR 3.6 billion a year earlier. Its number of ADSL internet lines surpassed 1 million but that its total number of fixed lines fell 4.9 percent during the period from 3.62 million to 3.439 million. Net revenue increased 3.1 percent to ZAR26 billion and EBITDA rose 15.1 percent to ZAR 9 billion.
Vodacom Group FY revenue rises 2.1% to ZAR 77.3 bln
2015-05-18 10:47:00| Telecompaper Headlines
(Telecompaper) Vodacom Group reported a 2.1 percent increase in full-year revenue to ZAR 77.3 billion from ZAR 75.7 billion in 2014. Excluding the impact of a 50 percent cut in MTRs in South Africa, group revenue in the year to March increased by 4.8 percent. EBITDA declined by 1.5 percent to ZAR 26.9 billion, hurt by negative forex effects and a one-time charge of ZAR 405 million to write down operations in the Democratic Republic of Congo. Headline earnings per share decreased by 4.0 percent to ZAR 8.60 from ZAR 8.96 in 2014, and net profit fell 8.5 percent to ZAR 12.5 billion.
Cell C launches ZAR 8 billion LTE network plans
2015-04-10 10:06:00| Telecompaper Headlines
(Telecompaper) South Africa mobile operator Cell C announced plans to invest ZAR 8 billion in its LTE network over the next three years. The operator said its LTE strategy will focus on metropolitan areas where people work and live. The primary commuting areas that fall outside the major metros will remain covered by HSPA+, said Cell C CEO Jose Dos Santos. Cell C has signed supply agreements with both Huawei and ZTE, which will drive the rollout of the planned 4,000 LTE sites. The first areas to receive the expanded LTE network will be Gauteng, KwaZulu-Natal and the Western Cape. Gated communities and high-density residential areas where there is a great demand for high speed data will be one of the priorities. The operator plans to start upgrading areas in Rosebank and Sandton, and then move onto the northern Johannesburg areas. This will be followed by the northern Gauteng areas, including Pretoria and Centurion, and then Benoni, Boksburg, Johannesburg proper, Soweto, Lenasia, and Roodepoort. In KZN, Hillcrest through to the Dolphin Coast, Umhlanga, Chatsworth, Durban South, Pietermaritzburg, and Umlazi will benefit from the LTE rollout. Areas in the Western Cape which will be targeted include SeaPoint to Durbanville, the airport, Stellenbosch, Simon's Town through Constantia, Brakenfell, Somerset West, Mitchells Plain, and Paarl.
Tags: network
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