Telkom will complete the legal separation of its wholesale division Openserve on 1 September, with the unit becoming a wholly owned subsidiary.
Browsing: Sipho Maseko
Telkom paid its former group CEO, Sipho Maseko, R20-million in retention bonuses in the past two years plus a R32-million restraint to prevent him being poached by competitors.
MTN Group has entered into discussions to acquire Telkom. The talks are at an early stage, the parties said, and might not result in a deal.
Telkom Group CEO Serame Taukobong said he has zero interest in buying smaller rival Cell C, making it clear that no deal will happen on his watch.
New Telkom CEO Serame Taukobong has a challenge on his hands: the mobile growth story that underpinned the business in recent years appears to be ending.
President Cyril Ramaphosa has directed the Special Investing Unit to probe various dealings that took place at Telkom going as far back as June 2006.
Telkom Group CEO Sipho Maseko will step down later this month, half a year earlier than originally planned.
Following a “lengthy competitive process”, MTN Group will sell a big chunk of its South African tower portfolio to IHS Towers in a R6.4-billion deal.
Vodacom Group will spin off its South African tower portfolio into a separate business and may seek partners for the newly created entity.
Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.