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<\/a><\/p>\nFinancial performance<\/strong><\/p>\n In May, Telkom reported a strong set of results for the year ended March 2019, on the back of massive growth in its mobile segment.<\/p>\n Mobile service revenue increased by 58.3%, supported by an 85.9% growth in active subscribers to 9.7 million, it said.<\/p>\n However, it reported issues in the fixed-line business which showed a decline in revenue of 7.9% as customers migrated to new technology.<\/p>\n Fixed voice and interconnection revenue declined by 14.3%, which negatively impacted the overall performance of Openserve and BCX. Despite this impact, overall revenue decline was contained at 3.3% for Openserve and 3.4% for BCX, it said.<\/p>\n Other key salient features include:<\/p>\n Telkom also shed more than 2,000 permanent jobs over the past year, or 12.5% of its workforce.<\/p>\n The operator noted that permanent jobs declined to 15,296 from 17,472 in the prior year \u2013 a loss of 2,176 people.<\/p>\n \u201cThe decrease in permanent workforce was primarily due to VSP\u2019s (voluntary severance package) and VERP\u2019s (voluntary early retirement packages) offered and the section 189 process,\u201d it said.<\/p>\n Telkom has also seen a resurgence in its share price under the guidance of Maseko,<\/p>\n\n