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rephrase The lower EBITDA (Excluding the effect of IFRS 15 agent revenue) is primarily as a result of project delays in international revenue (R29m). Furthermore,
rephrase The lower EBITDA (Excluding the effect of IFRS 15 agent revenue) is primarily as a result of project delays in international revenue (R29m). Furthermore, Operational expenditure increased by R25m largely due to costs relating to third party services as a result of reallocations from product related costs and increased cabling revenue related cost. The increase in operational expenses is partially offset by lower maintenance cost (R6m) mainly due TKB SAM costs in operate that will come in May, and lower costs in Solutions due to projected maintenance increases not yet received. Service Fees of R9m (19.8%) also contributed, this is due to savings on TKB credit management consulting, release of prior year M&A consulting accrual, timing differences in building maintenance and consulting spend. In addition, EBITDA reflects the decrease in direct expense which corresponds with the lower product revenue in international (R28m)
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