Browsing: Sipho Maseko

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.

Telkom’s sprawling wholesale division, Openserve, is likely to be the next unit of the telecommunications group to be listed on the JSE.

In an effort to unlock shareholder value trapped in its corporate structure, Telkom has announced it will seek a JSE listing for its masts and towers business.

Telkom has welcomed the decision by communications regulator Icasa to consent to a court order setting aside its decision to publish an invitation to apply to take part in South Africa’s planned spectrum auction.

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.

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.