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Browsing: Openserve
Openserve, the wholesale division of Telkom, has announced that it will serve as the landing station partner for Google’s massive Equiano submarine cable system in South Africa.
Telkom burned through close to R1-billion cash in the most recent six months.
The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
Telkom has launched prepaid fibre, saying consumers who previously couldn’t apply for a broadband fibre line for credit-vetting reasons can now do so.
Telkom’s Openserve has started deploying fibre in city and suburban blocks, rather than across entire areas, in its war on copper cable theft.
Telkom’s sprawling wholesale division, Openserve, is likely to be the next unit of the telecommunications group to be listed on the JSE.
Telkom CEO-designate Serame Taukobong believes the company’s investments in a range of areas will stand it in good stead in the coming years.
Telkom’s rapid mobile growth continues unabated, with the telecommunications group reporting a 36.3% increase in subscribers year-on-year in the quarter ended 30 June 2021.
Sipho Maseko, who announced last week that he will step down as Telkom CEO next year, saved the company from impending ruin. That might sound like an overstatement; it’s not. By Duncan McLeod.