Telkom has released its interim results for the six-month term ending 30 September 2015, with a net revenue increase of 1.2% to R13.45 billion, while EBITDA, excluding the one-off items, improved 15.1% to R5 billion.
The results also show that fixed line earnings have continued to drop with fixed voice revenue decreasing by 3% compared to the same period in 2014. Fixed access lines decreased 5.9%, from 3.53 million to 3.23 million.
Mobile data however is on the rise. Telkom’s mobile net revenue increased 174.1% to R954 million, while mobile data revenue increased 50.6% to R988 million.
Active mobile subscribers also increased 21.2% to 2,186,774, with a blended average revenue per user of R75.05.
According to Telkom, “The outlook remains challenging on the back of lower growth expectations, higher interest rates and rising inflation. Against this backdrop, we prioritised our capital expenditure programme to focus on the growth areas of fibre and LTE.”
Telkom has expressed plans to roll out fibre to one million homes by 2018. They currently have fibre-to-the-home (FTTH) operations reaching 56 000 homes, while fibre-to-the-curb has now surpassed 1.25 million homes.
Telkom has also seen a 9% increase in its LTE coverage since last quarter, with approximately 1 400 sites.