The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022.
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Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.
Telkom’s chairman, Sello Moloko, has resigned and will leave the board by no later than 31 March 2023.
Telkom has agreed to “hand over” its TelkomOne platform to the SABC, which will rename it SABC+.
Telkom on Monday warned investors that its interim headline earnings per share will slump by as much as 55%.
Telkom has appointed Naidene Ford-Hoon, a former chief financial officer of the Reserve Bank, to its board.
Telkom has become the fourth network operator in South Africa to launch 5G services.
Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.
Following the collapse of discussions between MTN and Telkom, Rain said it remains engaged with Telkom about a possible deal.
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned operator’s shares crashing.