While Telkom SA Ltd (Telkom) registered growth in revenues in FY 2009, margins declined due to increased Employee expenses, Selling General and Administrative (SG&A;) expenses, Depreciation and Amortization (D&A;) and finance costs as a percentage of sales in FY 2009. Although the Fixed-line segment remains the key revenue driver, driven by increased ARPL, increasing Fixed-to-Mobile migration and incrementing penetration level in the Mobile segment…

On 18 May 2009, Telkom SA Limited (Telkom) completed the sale of its 15% stake to Vodafone Group Plc (Vodafone). The company listed the remaining 35% of Vodacom on Johannesburg Stock Exchange (JSE). The transaction sought the approval from the court, as the court decided against the petition filed by Congress of South African Trade Unions (COSATU) and Independent Communications Authority of South Africa (ICASA) to preventing the deal....

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While Telkom SA Ltd (Telkom) registered robust growth revenues in 1H 09, EBITDA and operating profit declined due to increased operating expenses. Although the Mobile segment will be the key revenue driver for the company, considering declining market share in 1H 09 and increased penetration levels (which would result in saturation of the addressable market) we expect modest performance over the next two years. Furthermore…