Telkom share price rises after big profits lead to upgraded targets

25 May 2021

Commenting on the results, Mergence Investment Managers head of equities Peter Takaendesa said Telkom’s financial results for the year to the end of March had been in line with market expectations. Takaendesa said Telkom’s management team had continued to execute very well on the mobile business and had further gained market share to solidly overtake Cell C by revenue..