Telkom grew its mobile base by just 10% year on year in the third quarter of its financial year to 16.4 million, a marked slowdown from the previous quarter, sending its shares tumbling.
Browsing: Serame Taukobong
Telkom Group CEO Sipho Maseko will step down later this month, half a year earlier than originally planned.
Telkom has appointed Lunga Siyo as CEO of its consumer business with effect from 1 October 2021. The role had been filled until now by incoming group CEO Serame Taukobong.
There is real irony in the way Telkom is using every opportunity it gets to complain about a “duopoly” in South Africa’s mobile industry. By Duncan McLeod.
As Sipho Maseko begins his orderly and well-telegraphed exit from the Telkom CEO position, a first quarter financial update from the telecommunications provider contains a few more worrying signs.
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.
Serame Taukobong has been appointed as Telkom’s group CEO-designate and will replace Sipho Maseko, who has led the company for the past eight years, in mid-2022.
Telkom is open to reaching an out-of-court settlement with communications regulator Icasa over the spectrum auction, though little progress has been made in any talks.
Telkom has partnered with YahClick to offer Internet access and voice-over-IP services to consumers in areas where the company doesn’t have coverage, especially in rural areas.
Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period.