S.Africa’s Telkom to reconsider dividend suspension policy as profit rises

JOHANNESBURG: South Africa’s Telkom promised to revise its plans to suspend its dividend after the country’s third largest mobile operator reported a jump in annual profit on Monday.

The partly state-owned operator had announced it would suspend dividends for three years from the 2021 financial year in order to conserve cash for radio frequency spectrum auctions and other expenditure.

A new policy will be announced at its interim results in November, it said.