Telkom has become the latest telecommunications operator to announce plans to hike its prices.
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IHS Holding is weighing a bid for Telkom’s tower unit, according to people familiar with the matter.
Telkom is again about to go through a painful retrenchments programme as it fights to contain costs in a tough macroeconomic environment.
Telkom could start the sale of a minority stake in its core fibre business by March as part of a slew of measures it announced to unlock value.
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.
Openserve, the wholesale infrastructure subsidiary of Telkom, said on Monday that it will significantly boost line speeds across its fibre network from 1 April.
Michael Jordaan, investor in wireless broadband upstart Rain, said on Tuesday that consolidation in South Africa’s telecoms market is inevitable.
Load shedding is proving to be a hugely expensive problem for South Africa’s mobile operators.
Telkom expects to play host to the launch of the first mobile virtual network operator on its network by year-end.
Telkom and Rain have walked away from a transaction that could have seen the JSE-listed operator buying the wireless broadband upstart.