the sale of a minority stake in its core fibre business by March, it said on Tuesday, as part of a slew of measures it announced to unlock value and shore up profits.
While both did not pursue the plans, the country’s third biggest telecoms player has been looking at options to save costs to improve operating margins at a time when South Africa’s power crisis and inflationary pressures are hurting the company.Its third quarter core profit declined by 13.5% as crippling power cuts inflated costs and impacted its service revenue, it reported earlier on Tuesday.
Source: News Formal (newsformal.com)
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