Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.
While state-owned enterprises such as Eskom, SAA and the SABC continue to make headlines for all the wrong reasons, one (partially) state-owned company is doing quite well, thank you very much. By Duncan McLeod.
Telkom is seeking an equity partner to help build more mobile network towers as the former South African phone monopoly seeks new ways to increase revenue away from its core, fixed-line business.
While Telkom is cleaning up in mobile, its fixed-line business continues to feel pressure as competition bites and as the company continues to switch off wireline infrastructure. But the numbers are far from shocking.
Vodacom and Telkom will complete the work they need to do for their roaming agreement by the June deadline, Vodacom Group CEO Shameel Joosub said this week.
South Africans are not satisfied with their mobile network providers, particularly the biggest provider, Vodacom.