Telkom records strong financial performance, continues broadband push

SOUTH AFRICA – Telecommunication company Telkom has reported strong financial performance for the nine months ending 31 December 2020, posting robust mobile growth and strong free cashflow generation. The consumer business continues to be the driver of growth, with the mobile business sustaining its upward trajectory, increasing mobile service revenue by 40.7%, compared to the prior period to US$847.6 million. Telkom said, this was supported by 25.9% growth in active subscribers to 14.9 million and 23.9% increase in blended average revenue per user (ARPU) to US$7.28. The post-paid market remains…

Read More

ipNX partners USTDA to develop ICT infrastructure in Nigeria.

NIGERIA – Nigeria’s leading information, communications and technology (ICT) company, ipNX has partnered with the United States Trade and Development Agency (USTDA) to further support the development of Nigeria’s ICT and broadband infrastructure. The partnership deal will also help ipNX expand its fibre-optic network to more than 200,000 residences in Lagos and other locations, including Abuja and Port Harcourt. ipNX has over two decades (20yrs) of experience in the Nigerian ICT market with fixed-wireless and fixed-wired operations in Lagos, Abuja, Port Harcourt, Kano and Ibadan. The company specialises in network…

Read More