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Johannesburg - The competition watchdog said on Friday that Telkom [JSE:TKG] agreed to pay a fine of R200m to settle complaints it used its dominant market position to the detriment of other internet providers.
Telkom agreed in April to pay a separate R449m fine for using its dominant position to block competition from other network providers.
Earlier on Friday Telkom reported a 73.2% decline in headline and diluted headline earnings per share to 87.0 cents for the year ended March 2013 from 310.8 cents a year ago.
Operating revenue was down 1.7% to R32.5bn.
The group said its fixed-line voice revenue decreased 4.7% to R16.3bn while fixed-line data revenue increased 3.6% to R10.4bn.
Mobile revenue increased 22.7% to R1.359bn and mobile data revenue increased 123.3% to R364m.
Its operating expenses‚ excluding the impairment‚ increased 2.2% o R32.0bn. The group announced earlier this week that it is to take a R12bn impairment on the carrying value of the legacy network.
The group generated free cash flow of R2.1bn‚ an 18.6% increase from the previous year.
Net debt decreased by 46.0% to R2.1bn.
Telkom said the 2013 financial results reaffirmed the need to act with urgency to turn the group's performance around.
