Telkom reports higher third quarter profit as mobile data demand drives growth

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.