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Tag: telkom
Telkom SA spins off wholesale arm
2015-10-14 02:00:00| Total Telecom industry news
Newly-launched Openserve to be headed up by South African telco's CTO Alphonzo Samuels.
Tags: arm
wholesale
spins
telkom
Telkom separates wholesale division as Openserve
2015-10-13 17:12:00| Telecompaper Headlines
(Telecompaper) South Africa operator Telkom has launched Openserve, the company's redesigned wholesale and networks division. Openserve will be a distinct business unit within the Telkom Group, formed as part of the company's ongoing efforts to strengthen customer focus through a more flexible and agile operating model. The separation heralds a new era at Telkom Group as the South African government works to open up network infrastructure in order to support increased broadband connectivity. Telkom is also working to turn around its financial performance and expects the separation of its wholesale and retail divisions will facilitate greater focus, accountability and customer-centricity. As a stand-alone business unit within Telkom, Openserve will be autonomous and will be responsible for its own profit and loss account. According to Alphonzo Samuels, the MD for Openserve, the separation signals Telkom's commitment to a more competitive market and lower prices for consumers. Openserve will enable more choice, increased innovation and greater service-provider competition, he said. The result will be increased broadband access. Telkom said it intends to play a substantial role in lowering the barrier to entry for new players and to increase the competitiveness of smaller players.
Tags: division
wholesale
separates
telkom
Telkom SA admits talks amid Cell C speculation
2015-09-29 02:00:00| Total Telecom industry news
South African incumbent reportedly seeking to buy mobile operator for below its 1.4 billion asking price.
Tags: cell
talks
amid
speculation
Telkom confirms plans to cut 4,400 jobs
2015-06-11 09:10:00| Telecompaper Headlines
(Telecompaper) South African fixed-line operator Telkom plans to cut 4,400 jobs to contain costs, its spokeswoman told Talk Radio 702. Jacqui O'Sullivan said the fixed line operator has to take a number of steps to contain costs, adding that it was tackling management expedisture.
Telkom Group net profit falls 19.5% to ZAR 2.9 bln
2015-06-09 11:09:00| Telecompaper Headlines
(Telecompaper) Telkom Group reported a 19.5 percent decline in its net profit to ZAR 2.9 billion for the financial year ended 31 March from ZAR 3.6 billion a year earlier. Its number of ADSL internet lines surpassed 1 million but that its total number of fixed lines fell 4.9 percent during the period from 3.62 million to 3.439 million. Net revenue increased 3.1 percent to ZAR26 billion and EBITDA rose 15.1 percent to ZAR 9 billion.
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