TKG's fixed-line subscriber base keeps shrinking but they're still pulling decent margins on the fibre push…by @sceptic_pieter on $TKG

TKG's fixed-line subscriber base keeps shrinking but they're still pulling decent margins on the fibre push, problem is the capex required to compete with Vodacom on mobile is eating into free cash flow. At 54.59 they're not cheap relative to peers, and that dividend is under pressure if load-shedding keeps crushing broadband uptake. Rather wait for clarity on the fibre ROI before loading up.