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Telkom H1 net revenue up 1.6% to ZAR 13.3 bln
2014-11-17 09:17:00| Telecompaper Headlines
(Telecompaper) Telkom South Africa said its net revenues increased by 1.6 percent to ZAR 13.3 billion in the six months to 30 September compared with the same period in 2013. It said in light of the tough economic and business environment, this shows the resolve of management to curtail losses and improve the business in future. Profit fell by 62 percent to ZAR 1.11 billion from ZAR 2.89 billion a year earlier. Group EBITDA excluding one-off items increased by 12.1 percent to ZAR 4.4 billion. Headline earnings per share excluding one-off items increased 14.9 percent to ZAR 0.2617.
MTN Group H1 revenue up 11% to ZAR 73 bln
2014-08-07 09:36:00| Telecompaper Headlines
(Telecompaper) MTN Group posted a 10.7 percent increase in revenue for the first half to ZAR 72.76 billion, as growth in smaller countries helped offset a cut to interconnection rates in its home market South Africa and a temporary sales ban in Nigeria. Good growth was experienced in data and MTN Mobile Money usage, but voice revenue continued to be impacted by aggressive competition, regulatory pressures and a weakening economic environment in key markets, the mobile operator said. Subscribers rose 3.5 percent from a year earlier to 215 million at the end of June. EBITDA increased by 19.6 percent to ZAR 33.66 billion, excluding the profit on tower sales, and the EBITDA margin expanded by 3.5 percentage points to 46.3 percent, driven by cost-containment initiatives. Distribution costs, inclusive of commissions, service provider discounts and marketing costs were significantly reduced, MTN said, while staff costs were lat year-on-year. Depreciation increased by 20.7 percent as a result of the accelerated capex roll-out in the second half of 2013, particularly in Nigeria and South Africa. Amortisation costs increased by 22.1 percent, driven by increased spending on software in Nigeria, Ghana and Uganda. Basic headline earnings per share still increased by 9.0 percent to ZAR 7.29.
Telkom bids ZAR 2.7 billion for BCX
2014-05-22 11:29:00| Telecompaper Headlines
(Telecompaper) South African operator Telkom said that it has made an offer to acquire all of ICT services provider Business Connexion Group (BCX). Under the offer, Telkom will acquire all the BCX share capital for ZAR 6.60 per share, representing a total cash consideration of approximately ZAR 2.7 billion. The offer is fully financed and represents a premium of 22 percent to the weighted average share price of ZAR 5.38 for the 60 trading days prior to BCX's cautionary announcement on 15 April.
MTN Group FY revenue up 12% to ZAR 136.5 bln on weak rand
2014-03-05 09:50:00| Telecompaper Headlines
(Telecompaper) MTN Group posted a 12 percent increase in its revenue for 2013 to ZAR 136 billion compared with 2012, boosted by a weakening of the rand against a number of currencies. For the year as a whole, the rand declined by 18.3 percent on average against the US dollar. On a constant currency basis, revenue increased by 3.1 percent. This was largely the result of a 6.1 percent decline in revenue at MTN South Africa and 5.7 percent growth in MTN Nigeria.
Vodacom Group revenue rises 10.5% to ZAR 20.2 bln
2014-02-05 09:11:00| Telecompaper Headlines
(Telecompaper) Vodacom Group revenue for the third quarter ended 31 December 2013 rose by 10.5 percent to ZAR 20.22 billion. Group service revenue increased 6.4 percent to ZAR 16.25 billion, up 3.4 percent on a normalised basis and in line with its guidance. Group data revenue increased 40.7 percent to ZAR 3.61 billion, accounting for 22.2 percent of service revenue. Group active customers grew 12.3 percent to 56.0 million and active data customers grew 27.9 percent to 23.7 million.