Telkom reports higher third quarter profit as mobile data demand drives growth
South Africa's Telkom reported an 8.4 percent rise in core profit on Monday. Growing mobile data demand and cost cuts boosted earnings to 3.2 billion rand.
Telkom reported an 8.4% increase in third-quarter core profit for the three months ending December 31, driven by ongoing cost-cutting measures and a 7.2% rise in mobile service revenue. The company stated that the increase in revenue was primarily due to consumers who bought more data bundles during the period. These results indicate improved profitability and margin expansion for the majority government-owned South African 
ZA telecommunications group for the reported quarter.
ZA telecommunications group for the reported quarter.
