JSE-listed Telkom has posted a 4.2% decline in group earnings before tax, depreciation and amortisation (Ebidta) for the first quarter of the 2024 financial year amid the continued decline of legacy revenues and higher direct and operating costs. The group’s Ebitda for the quarter ended June 30, 2023, was R2.23-billion, while its Ebitda margin contracted by 1.7 percentage points to 21%.