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Telkom's Share Price Surges 8% as Company Unveils Infrastructure-Focused Strategy

Telkom's Share Price Surges 8% as Company Unveils Infrastructure-Focused Strategy

#telecom
#infrastructure
Telkom's strategic shift towards an infrastructure-focused model has ignited an 8% surge in its share price. The telecom giant aims to position itself as a crucial player in South Africa's digital future, emphasizing investments in mobile, fiber, data centers, marine cables, and satellite infrastructure. The six-month-old strategy is already yielding positive results, showcasing strong operational and financial performances.

Telkom's share price experienced an 8% surge following its announcement of a strategic pivot towards an infrastructure-focused model. The company aims to invest in and strengthen its mobile, fiber, data center, marine cable, and satellite infrastructure businesses. The strategy, underway for six months, is set to conclude by the end of 2025 and has already shown positive outcomes in operational and financial performance. Despite facing challenges in the mobile telephony sector, Telkom sees significant market opportunities in infrastructure, driven by demand from corporates, SMEs, and consumers. The company's strong balance sheet and market positioning contribute to its favorable position in pursuing the infrastructure-centric model.


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