Telecoms operator seems to have little choice but to go with Maseko
Just how badly does Telkom need a cash infusion from the consortium of investors led by former CEO Sipho Maseko? A quick look at the partly state-owned telecom operator reveals it is in a tight spot.
Telkom is scrambling for cash to make up for the skyrocketing cost of doing business in a load-shedding environment in which competition is fierce, sales are sluggish and debt-laden consumers are struggling to pay their phone bills. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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