The fibre network operator says this comes on the back of ongoing investments in the core and transmission network.
The companies have jointly completed 5G commercial verification on the 40MHz 2.1GHz frequency band.
The stringent regulations on new SIM sales and activations in Nigeria cost the telco millions of mobile and data subscribers.
The pay-TV video entertainment giant sees growth in subscribers accessing third-party streaming services through its platform.
The telco says it has now reached the inflection point where the profitability of new revenue streams exceeds that of its legacy revenue streams.
Connectivity supports economic growth and job creation, says the development institution, which wants to connect more African homes and businesses.
The Alliance for Affordable Internet urges governments to ensure the cost of 5GB broadband is no more than 2% of the average monthly income by 2026.
The company reports strong results in the first quarter, which also saw the awarding of a telecoms licence in Ethiopia and interest in its VodaPay ecosystem.
Sipho Maseko will step down as group chief executive and executive director of Telkom and its subsidiaries on 30 June 2022.
The planned network investment for the 2021 financial year of R350 million is aimed at modernising, upgrading, building new sites and transmission links.
The telco says the deployment of the latest mobile technology in the province will give residents access to affordable mobile broadband as an alternative to fibre connectivity.