South African telco, Telkom, has announced that its broadband digital subscriber line (DSL) has reached over one million users, Techcentral reports.

Telkom introduced DSL in August 2002 and reached this figure by the end of its financial year March 31, 2015. The upsurge helped the telco improve its  fixed-line data revenue by 1.5% (R10.4 billion) for its 2015 financial year.

“Our healthy financial position will not only allow us to take advantage of any promising opportunities that could come our way, it has also made it possible for us to pay a dividend this year,” CEO Sipho Maseko said in the report.

With series of highs and lows in the subscriber base during the period, the retail mobile business of Telkom however added a boost to the bottom line while revenues from leased lines declined by 22% (R1.4 billion).

The telco will pay a final and special dividend of R2.15/30c per share respectively, according to the report.

Image: Businesstech

Olumuyiwa Coker Author

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