Telkom grew its mobile base by just 10% year on year in the third quarter of its financial year to 16.4 million, a marked slowdown from the previous quarter, sending its shares tumbling.
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Promoted | Meet the winners of the 2021 BCX Digital Innovation Awards. The awards strive to recognise digital innovation excellence in South African large, medium and small enterprises.
Telkom burned through close to R1-billion cash in the most recent six months.
Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday.
Promoted | BCX Data Networks has launched a network and security advisory consulting service that assists enterprises with their digital transformation, and their journey into the cloud.
Promoted | Many companies turned to cloud collaboration and communication services when their people suddenly had to work from distributed locations. But they quickly ran into several problems.
Telkom’s rapid mobile growth continues unabated, with the telecommunications group reporting a 36.3% increase in subscribers year-on-year in the quarter ended 30 June 2021.
Margin pressure is forcing BCX, the IT services business in the Telkom stable, to think more creatively about new revenue opportunities, according to its CEO, Jonas Bogoshi.
Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.
IT distributor and PC assembler Mustek said on Friday that the financial losses associated with the ransacking of and arson at its Durban office will not exceed R20-million.