Data provided by McGregor BFA
All data is delayed
Loading...
See More

Telkom losses stack up

Sep 21 2012 12:33 Reuters

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

'Zuma's legacy will be judged by Nkandla'

The legacy of President Jacob Zuma is contingent on how he deals with the issue of upgrades to his Nkandla homestead, says Cape Town Archbishop Thabo Makgoba.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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