CCD got smashed but the network capex story is still there, spectrum's paid for and debt coming down. Telko…by @guppy_jse on $CCD

CCD got smashed but the network capex story is still there, spectrum's paid for and debt coming down. Telkom and Vodacom both trade on way thinner multiples despite higher leverage. Risk reward is very compelling at R23.35 if you believe the turnaround actually runs.