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BTCC / BTCC Square / Global Cryptocurrency /
Telkom (TKG) Surges 55% on JSE After R6.75B Deal—Is R40 the Next Target?

Telkom (TKG) Surges 55% on JSE After R6.75B Deal—Is R40 the Next Target?

Author:
Global Cryptocurrency
Published:
2025-04-25 14:47:02
18
2

Telkom SA has divested Swiftnet SOC Ltd for R6.75 billion to a consortium led by Actis LLP and Royal Bafokeng Holdings, marking a strategic shift toward mobile, broadband, and digital services. The move aims to streamline operations and reduce debt, positioning Telkom as a stronger player in South Africa’s digital infrastructure.

Financial performance underscores the pivot: Q3 FY2025 net income ROSE 18.1% quarter-over-quarter to R1.07 billion. Shares now trade at ZAC 3,860, up 54.6% year-over-year, after breaking key resistance levels. With a cleaner balance sheet and earnings momentum, analysts speculate whether the stock could reach R40.

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