Telkom has warned of a sharp decline in earnings for its financial year ended March 2023, sending its shares over a cliff.
Browsing: Openserve
Telkom has kicked off the sale of a stake in its fibre business, as it seeks to unlock value for shareholders and boost profit.
Telkom has become the latest telecommunications operator to announce plans to hike its prices.
Telkom could start the sale of a minority stake in its core fibre business by March as part of a slew of measures it announced to unlock value.
Telkom plans to raise R1-billion by the end of its financial year through the sale to external financial institutions of “qualifying receivables” related to upfront device sales.
Openserve, the wholesale infrastructure subsidiary of Telkom, said on Monday that it will significantly boost line speeds across its fibre network from 1 April.
Promoted | South Africa’s favourite connectivity provider is set to upgrade fibre network speeds for all customers on the Openserve fibre network.
Telkom CEO Serame Taukobong has told TechCentral that the company is giving serious consideration to selling a stake in Openserve.
Telkom CEO Serame Taukobong said the operator is open to further talks with MTN Group about a transaction.
The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022.