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.
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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.
Meta Platforms-backed submarine Internet super-cable, the 2Africa system that will eventually encircle the African continent, has landed in South Africa.
Telkom CEO Serame Taukobong has told TechCentral that the company is giving serious consideration to selling a stake in Openserve.
Telkom’s legacy copper access network, which once underpinned its business, could be gone within 24 months.
Telkom CEO Serame Taukobong said the operator is open to further talks with MTN Group about a transaction.