Summary: Telkom S.A. Ltd. Dec 11
- ID: 2034651
- December 2011
- Standard & Poors
Standard & Poor's Ratings Services views South Africa-based telecommunications services provider Telkom S.A. Ltd.'s business risk profile as "fair" and its financial risk profile as "modest." The ratings on Telkom primarily reflect its strong leadership position in the country's fixed-line telecommunications market, good growth prospects in the broadband market, our opinion of the company's robust operating cash flow generation, and its maintenance of a prudent financial policy. The ratings are constrained, however, by the structural decline in Telkom's fixed-line voice traffic, ongoing access line losses, its high fixed-cost base, material risks associated with the future performance of the company's own wireless business, and increasing competition. Telkom reported gross consolidated financial debt of about South African rand (ZAR) 7.3 billion or...
Companies mentioned in this report are:
- Telkom SA SOC Ltd.
- CenturyLink Inc.
- Frontier Communications Corp.
- Elisa Corp.
- BT Group PLC
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