Companies / South Africa
Telkom Encouraged By Strong Growth Looks To The Future
June 2006 | Company Finance AlertSouth African fixed-line operator Telkom's future strategy remains firmly in line with the recent announcement of its financial results as of March 31, 2006. The operator has said it will continue to look for viable investment opportunities abroad, where there is 'potential for growth, healthy returns and long-term value creation for its shareholders.' Telkom, which owns a 50% share in leading mobile operator Vodacom, alongside UK-based Vodafone, reported that its revenues had been significantly boosted by its mobile unit, which is also present in Tanzania, Congo, Lesotho and Mozambique. Vodacom announced that its revenues had increased by 24.6% y-o-y to
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