Telkom clears R623 million debt in one shot

▤ Summary

Telkom is retiring a R623 million bond and cutting its short-term interest-bearing debt by about 30%. The company says stronger cash management, cost efficiencies, and higher data revenue helped reduce net debt by R1.1 billion over the year. It also reported improved revenue, EBITDA, and earnings, with free cash flow reaching R3 billion. Telkom says the lower debt load gives it more flexibility to reinvest and manage volatility, while it still faces significant short-term borrowings over the next 12 months.

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