Two subsea broadband cable breaks, one on Wacs and the other on Sat-3, have resulted in slow international connectivity.
Browsing: Openserve
Telkom’s Openserve has grown the number of homes passed with its own fibre broadband infrastructure to 1.1 million.
Earnings are still under pressure, but the top line has grown nicely in Telkom’s most recent quarter ended 30 June 2023.
Government isn’t interested in selling its 40% stake in Telkom, the communications minister has said.
In the past six months alone, at least 1 800 batteries – costing on average about R250 000 each – have been stolen.
Telkom has decided to hit pause on dividend pay-outs for longer than expected as it battles tough market conditions.
But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
Telkom has warned of a sharp decline in earnings for its financial year ended March 2023, sending its shares over a cliff.
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.