Sipho Maseko is Telkom’s new group CEO and will take over from outgoing CEO Nombulelo Moholi next week, TechCentral has been told by three separate sources with ties to the telecommunications operator. An announcement about his appointment may be made as soon as this afternoon
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Telkom’s share price continues to trade at near to all-time record lows as a lack of clarity from government on its plans for the company and uncertainty about who will take over from outgoing CEO Nombulelo Moholi continue to cloud the outlook for investors. Moholi
Telkom has embarked on a multibillion-rand refresh of its access network into homes and businesses. Investors will probably decry the cost of taking fibre-optic infrastructure closer to and even into homes, but group CEO Nombulelo Moholi is at least leading the fixed-line operator in the right direction
Telkom sold its controlling stake in Telkom Media, now Super 5 Media, for just R68m, the JSE-listed telecommunications group’s 2010 annual report has revealed. This means Telkom lost a net R403m from the failed venture. It had loaned the business R471m, which it has now written off, according to the report.