MTN Group is reportedly considering renewing talks to acquire rival Telkom, sending the latter’s share price soaring.
Browsing: Openserve
Market consolidation in South Africa’s telecoms sector is “long overdue”, MTN Group CEO Ralph Mupita has said.
Mobile data and fibre services are booming at Telkom, though its IT services business, BCX, is struggling.
Telkom Group has appointed Beauty Apleni as the new CEO of its Openserve fibre business from 1 July.
Openserve has invested more than R2-billion to modernise its network and drive fibre deployment.
Production is ramping up at the YOA fibre-optic cable factory at Durban’s Dube TradePort, with plans for further expansion.
MTN South Africa has appointed Openserve executive Pushkar Gokhale as its new chief wholesale officer.
Telkom’s share price was trading at a near-two-year high after a trading update suggested it’s outperforming its rivals.
Telkom on Monday published its financial results for the three months ended 31 December 2024 – and they’re good.
A ransomware group called RansomHouse appears to have been responsible for an attack on Cell C that compromised the data of some of its clients.