Openserve grows homes passed with fibre to 1.1 million
networks subsidiary of JSE-listed Telkom, has grown the number of homes passed with its own fibre broadband infrastructure to 1.1 million.
This, Telkom said in a quarterly financial update on Monday, means that as of end-June, Openserve has been able to pass the milestone of half a million homes connected with fibre. The connectivity rate for Openserve fibre remains relatively high, too, at 46.5% — meaning that nearly half of homes passed with the company’s fibre have elected to sign up for its services.Fixed-data next-generation revenue – in other words, revenue not tied to legacy copper networks, for example – rose by 10.6%, driven by growth in broadband. The next-gen network portfolio now contributes 73.7% to Openserve’s revenue.
“The increase in demand for connectivity and consumption continues to reflect on the fixed-data traffic increase of 13.3% to 512PB,” Telkom said. “However, the accelerated decline in total fixed voice revenue of 29% remains a challenge, and resulted in an overall revenue decline of 2.7% for the quarter to R3.1-billion.”
Load shedding also impacted Openserve, with diesel costs in the quarter reaching a staggering R88-million and negatively impacting Ebitda, a measure of operating profit, where the margin fell to 28%, a reduction of 1.9 percentage points from a year ago.
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