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Our mobile business continued to achieve good growth with services revenue up 37% and data revenue up 56% year on year.
Our initial expectation that the mobile business would break even by March 2016, has been tempered by the operating environment and cost pressures .
s Annual Financial Statements for the year ended 31st March 2018 where after they will retire as auditors to Telkom on 22 August 2018 following 20 years of service. This rating action is in line with the government of South Africa? s foreign currency long-term sovereign credit rating on 24 November 2017. Telkom is not aware of any current decision taken by the Government with regards to its shareholding. s Telkom Proposal may have a material effect on Telkom? Accordingly, shareholders are advised to exercise caution when dealing in Telkom? ), has been posted to shareholders today, Tuesday, 25 July 2017. The record date for shareholders to attend, participate in and vote at the AGM is Friday, 18 August 2017. The above information has not been reviewed nor reported on by Telkom? The group's annual results for the twelve months ended 31 March 2017 will be released on SENS on 5 June 2017 with a presentation in Johannesburg on the same day. The presentation will be available for all stakeholders on the Group's website, . The record date for shareholders to attend, participate in and vote at the AGM is Friday, 19 August 2016.
Noteholders are hereby advised of the amendment to Telkom? s bond rating, which reflects the view that the previous weakening of South Africa? s position as a leading telecommunications operator, with a leading market position in South Africa? For further commentary on the rating please refer to the Moody? Telkom is at risk from the suppressed economic growth and business / consumer confidence in South Africa, being the primary market from which its revenue is derived. Therefore, Telkom is withdrawing the cautionary announcement and caution is no longer required to be exercised when dealing in Telkom? Holders are advised that the Annual Financial Statements of Telkom for the year ended 31 March 2017 have been published on the Company? s securities until a further announcement is made in this regard. There has been no change in the consolidated annual financial statements following the release of the condensed consolidated provisional annual results released on the Stock Exchange News Service of the JSE Ltd. Accordingly, the last day to trade to attend, participate in and vote at the AGM is Tuesday, 15 August 2017. The presentation will be available for all stakeholders on the group's website, . Shareholders are advised that the voting results for the Annual General Meeting (? ) of Telkom held at 10h00 on Wednesday, 24 August 2016 at JSE Ltd., No. 2 Gwen Lane, Sandton were all resolutions were passed by the requisite majority of Telkom shareholders present in person or represented by proxy at the AGM. s Integrated Report and Annual Financial Statements for the year ended 31 March 2016 (? Accordingly the last day to trade to attend, participate in and vote at the AGM is Tuesday, 16 August 2016.
Telkom released a quarterly trading and operational update for the third quarter ended 31 December 2015.
s filing for voluntary liquidation with the Master of the High Court. s appointment, EY will be the sole auditor signing off Telkom? s rating under review for a possible downgrade on 24 November 2017, Moody? s global scale rating of Baa3/Aa1with a stable outlook. s press release on their website: credit-rating-600008994Shareholders are referred to the cautionary announcement released by Telkom on 30 August 2017. s major shareholder, the Government of the Republic of South Africa (? ), was considering various strategic options with regards to partially reducing its current approximate 39% shareholding in Telkom. Notice of AGMNotice is hereby given that the twenty-fifth AGM of Telkom will be held at Telkom Park, The Nexus Buildings, 91 Oak Avenue, Highveld, Centurion on Thursday, 24 August 2017 at 10h00. The above earnings include the performance of BCX, which has been incorporated for twelve months compared to seven months in the prior year. The above information has not been reviewed nor reported on by Telkom? The Group's results for the six months ended 30 September 2016 will be released on SENS on 15 November 2016 with a presentation in Johannesburg on the same day. The Annual Statements are available for viewing and downloading on the following link: Shareholders are hereby advised that the integrated report containing the condensed consolidated annual financial statements for the year ended 31 March 2016, incorporating the notice of the annual general meeting (? The Integrated Report will be made available on the Group? Notice of AGMNotice is hereby given that the twenty-fourth AGM of Telkom will be held at JSE Ltd., No. 2 Gwen Lane, Sandton on Wednesday, 24 August 2016 at 10h00. s annual results performance for the year ended 31 March 2018 is in line with the revised guidance that was communicated on 10 November 2017.The presentation will be available for all stakeholders on the Group's website, Furthermore, the agency has changed its rating outlook to negative from stable on the company. s market leadership position as the incumbent telecom provider in the fixed-line voice market in the country as well as its growth prospects in its mobile, broadband and ICT solutions business which offsets the declining trend in fixed- line voice revenues. s global scale rating is now one notch above the country? This is a positive acknowledgement to the turnaround strategy that the company embarked upon almost four years ago and the company will continue to actively manage its costs, cash and use of capital in the most efficient manner possible in the current difficult economic environment.We remain conservatively geared with a net debt to EBITDA ratio of approximately 0.3 times.We have made progress in migrating from our legacy to the next generation network and have subsequently seen a slower decline of leased line revenues with growth in data connectivity products and services.