Telkom is not a spent force – yet
monopoly Telkom, which until about 15 years ago had a stranglehold over the sector in South Africa, faces huge challenges if it hopes to remain a significant market player.
It said it aims to cut costs “over the next six to 18 months and return to a blended group Ebitda margin of more than 25%”. Though Telkom’s annual results will disappoint – the recent profit warning sent the shares tumbling – they should be seen in the context of the company having to reinvent itself from being a fixed-line monopoly that could dictate prices to the market, to a full-service telecoms operator trying to hold its own in a competitive market.
The wholesale infrastructure environment has also become more competitive. Newer operators have been building infrastructure, providing downstream retail service providers with greater choice of wholesale products. This makes it more difficult for Telkom to compete.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State's 'hostile overregulation' is killing business: FMF - TechCentralInstead of kowtowing to government, business should insist the state steps aside, the Free Market Foundation has argued.
Read more »
What it takes to build a successful mobile app in 2023 - TechCentralBeing able to iterate, learn, measure and react quickly to users' needs is critical to success. Too few are getting it right.
Read more »
The road to regulated blockchains in South Africa - TechCentralGiven money on blockchains, other assets, and the rest of the financial industry, will soon follow.
Read more »
Choose the right partner when buying new laptops - TechCentralPromoted | The process of selecting a new laptop involves more than just looking at lists of specs and features.
Read more »
Andy Openshaw steps down as director of Huge Group - TechCentralAndy Openshaw has stepped down as chief operating officer and as an executive director at Huge Group.
Read more »
Discovery latest bank to offer solar financing to homeowners - TechCentralDiscovery Bank has become the latest financial services institution to help its clients minimise the impact of load shedding.
Read more »