Annual results: Telkom benefits from mobile growth as fixed-line users hang up

24 May 2021

While mobile service revenue growth decelerated to 24% in the second half of Telkom’s financial year, Peter Takaendesa, portfolio manager and head of equities at Mergence Investment Managers, said the company was currently the fastest growing of the major operators, at the expense of smaller rival Cell C. The slowdown in second-half growth came after Vodacom and MTN cut data prices last year.