When the Internet Service Providers’ Association was founded 25 years ago, its principal raison d’être was fighting Telkom’s monopoly. Now the company has been accepted as a member.
Telkom is open to reaching an out-of-court settlement with communications regulator Icasa over the spectrum auction, though little progress has been made in any talks.
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South African home broadband users will soon be able to get 10Gbit/s fibre thanks to a new offering from Vumatel, which will be commercially available after a short trial period.
Telkom’s mobile business is still flying. In a financial update for the nine months to end-December 2020, published on Monday, the company said service revenue from mobile soared by more than 40% year on year.
Telkom on Friday said Dirk Reyneke will replace chief financial officer Tsholofelo Molefe, who resigned in December to join MTN Group, also as CFO.
Former Openserve and Internet Solutions executive Prenesh Padayachee has been appointed as chief digital officer, replacing chief technical officer Claes Segelberg in an expanded role.
Telkom’s group chief financial officer, Tsholofelo Molefe, has resigned with immediate effect to take the role of chief financial officer at rival MTN Group, where she will take on CEO Ralph Mupita’s old job.
Telkom CEO Sipho Maseko pointed out something of the obvious at the group’s interim results presentation earlier this week: the telecommunications group is undervalued.
Telkom’s ICT services business BCX will spin off its data centre business into another Telkom subsidiary, Gyro, and the telecommunications group may then seek external investors.