Telkom is aiming to reduce the gap its shares are trading at to the net worth of its assets in the next three to five years, its CEO said on Tuesday, as the company drives to unlock value across its businesses.
Browsing: Openserve
Telkom’s fixed-line and enterprise business lines have taken a battering due to the Covid-19 lockdown, but its consumer mobile business is flying, the company said in a market update on Friday.
Santie Botha and Khanyisile Kweyama are stepping down from the board of Telkom, while Alphonzo Samuels will join the board along with Herman Singh.
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
With rumours swirling about potential consolidation in the months ahead, Telkom CEO Sipho Maseko said his company is ready for a wave of mergers and acquisitions – should they happen.
Vox-owned fibre-to-the-home infrastructure provider Frogfoot Networks said on Friday that it will extend free line speed upgrades, introduced during South Africa’s lockdown, indefinitely.
Podcast | Openserve CEO Althon Beukes spoke to TechCentral on Thursday about why, after so many years of agitation from consumers, Telkom has finally decided to offer “naked ADSL”.
Telkom is introducing a new wholesale product for ISPs that will mean consumers can directly obtain a broadband service from their ISP and will no longer be required to buy a copper line from Telkom’s retail division.
Telkom’s wholesale division, Openserve, has become the latest fixed broadband infrastructure provider to increase line speeds for some customers as a result of the Covid-19 crisis.
The Competition Commission has firmed up an agreement with Telkom that will see the operator’s longstanding wholesale IP Connect product replaced with a completely new wholesale offering.