• Busa, BBC split unpacked

    Who will lose and who stands to gain as the business bodies cut ties, asks Solly Moeng.

  • Noakes soap opera

    How many millions more will be sunk into a seemingly pointless vendetta, asks Mandi Smallhorne.

  • Downgrade scenarios

    An analyst takes a look at how credit downgrades have affected countries around the world.

All data is delayed
Loading...
See More

Telkom losses stack up

Sep 21 2012 12:33
Reuters

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 77
Change 0
% Change 0
Cumulative volume 827371
Market cap 0

Last Updated: 25/05/2017 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Telkom issues profit warning

Zim to retire as Telkom chairperson

Telkom to appeal Competition Tribunal fine

Moody’s warns on Telkom fine

Telkom fine a slap on the wrist

Commission wants steeper Telkom fine

 

Johannesburg - Telkom shares declined 5.32% to R18.34, adding to a 5.5% drop on Thursday, when the fixed-line operator warned that first-half earnings will likely fall as much as 65%, hit by a $55m regulatory fine.

The Competition Commission last month slapped Telkom [JSE:TKG] with a R449m fine for using its dominant market position to stifle potential competitors.

The fine is the latest setback for struggling Telkom, which has been hurt by the steady decline in fixed-line usage and a failed expansion into Nigeria.

Its return on equity over the last 12 months has been just 0.2%, according to Thomson Reuters data, compared with an average of 27.5% for five other emerging markets telecom firms.


*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
telkom

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
14 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Almost all working South Africans fear losing their jobs

Previous results · Suggest a vote

Loading...