South Africa’s Telkom 9-months revenue recovers on buoyant mobile business

JOHANNESBURG: Telkom, South Africa’s leading landline operator, said on Monday group revenue for the nine months ending Dec. 31 climbed 0.9%, driven by a 40.7% rise in mobile service revenue.

The news sent shares up 7.6% to 39.74 rand at the open.

Group revenue rose to 32.4 billion rand ($2.18 billion) from 32.1 billion rand in the same period a year earlier, said the partly state-owned company, which is also the country’s third biggest mobile service provider said in a statement.