Telkom group CEO Serame Taukobong tells the TechCentral Show why the company doesn’t need a “knight in shining armour”.
Browsing: Serame Taukobong
In the past six months alone, at least 1 800 batteries – costing on average about R250 000 each – have been stolen.
Telkom CEO Serame Taukobong said his company does not need saving, even as suitors begin lining up.
Telkom is just weeks away from announcing the sale of its masts and towers business.
But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
Telkom shares rose as much as 8.9% on Monday morning after a report said Sipho Maseko is spearheading a possible bid to buy 35% of the group.
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.
Telkom CEO Serame Taukobong has told TechCentral that the company is giving serious consideration to selling a stake in Openserve.
Telkom’s legacy copper access network, which once underpinned its business, could be gone within 24 months.
Telkom CEO Serame Taukobong said the operator is open to further talks with MTN Group about a transaction.