Openserve’s is catching up to Vumatel with its home fibre rollouts.
Telkom’s wholesale and networks division Openserve has recorded continued growth over the past financial year, the company’sOpenserve increased the number of homes passed by its fibre network to 839,691 — 52.7% more than the same time in 2021.Telkom CEO Serame Taukobong explained that the growth aligned with the company’s fibre rollout strategy.
“This is in line with its strategy to accelerate the fibre to the home footprint while simultaneously focusing on connecting homes.” Comparatively, Vumatel had passed around 1,500,000 homes and connected more than 450,000 as of 13 June 2022. Telkom increased its fibre capital expenditure from R1.1 billion to nearly R2.1 billion in the past year. However, this is still a far cry from Vumatel parent CIVH’s estimated investment of R3.6 billion in its fibre networks.“Openserve stabilisation path continues and is well underway in turning around several years of revenue declines,” he said.
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