Telkom has suspended plans to sell part of its fibre business, CEO Serame Taukobong said on Monday.
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Telkom plans to muscle more aggressively into its rivals’ turf in corporate South Africa, CEO Serame Taukobong has told TechCentral.
Telkom shares touched R30 for the first time since April after its latest results showed it is making good headway in fibre broadband and data-led mobile services.
Shares in Telkom rose after it said its interim adjusted headline earnings per share will climb by as much as 60%.
Telkom has argued that data rollover and time-based bundles are key to its ability to compete.
Maziv has appointed two regulatory professionals from MTN and Telkom in senior roles.
The Competition Tribunal has accepted a recommendation that Telkom be allowed to sell its towers business.
Revenue from “next-generation network” services now account for more than four-fifths of Telkom’s group revenue.
The Competition Commission has recommended the approval for the sale of Telkom’s masts and towers business.
Mpho McNamee will look after corporate affairs, reputation management and strategic communications for Telkom.