The fibre network operator invested R2.5 billion to modernise its network and drive fibre deployment to pass 1 217 110 homes, a 17% increase.
This emerged today when the JSE-listed telecommunications firm announced its group annual financial results for the year ended 31 March.“ Openserve ’s fibre connectivity rate advanced to 48.5%, as we prioritised monetising our fixed network and passed more than 1.2 million homes with fibre,” says Telkom in a statement.
It explains that this external growth contributed to the total next-generation network fibre revenue, which grew by 7.4% and now represents 76.4% of Openserve’s overall revenue of R12.5 billion. Driving its strategic focus of improving its cost base, Telkom adds, Openserve continued to optimise its sites and implemented green energy solutions in the form of solar and lithium-ion batteries to support an always-on network thus reducing its dependency on high-cost energy solutions.
Openserve invested R2.5 billion to modernise its network and drive fibre deployment to pass 1 217 110 homes, a 17% increase, Telkom notes.
Telkom Fibre Fibre-To-The-Home Althon Beukes
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