Telkom Resumes Dividend Payout As Earnings Jump

21 Days(s) Ago    👁 70
telkom resumes dividend payout as earnings jump

In 2020, the operator of South Africas biggest fixed-line network announced the suspension of dividends for the next three financial years starting in 2021 to conserve cash for spectrum auctions and strengthen its financial position.

However, after reaching the initial target, the under-pressure operator delayed resuming dividend payments as it faced challenging market conditions.