Telkom has been playing catch-up in the mobile market for more than a decade. But now that the partly state-owned telecommunications firm has muscled its way into the big leagues, analysts say Telkom still has a long game to play ahead.
In the years since the resignation of Nxasana, who steered Telkom through its first years as a majority privatised company, its revolving door of leaders struggled to turn the company around as its voice and fixed-line businesses languished.
Maseko has been credited with saving Telkom from inevitable doom by giving it a chance to move away from its stale fixed-line business, which has seen a dramatic decline in users, from almost 5.5-million in 2000 to just 1.4-million last year, and by finally making inroads in the mobile market. Having Vodacom in its stable helped Telkom significantly, Brown said. “Vodacom is a leading telco in South Africa. It is a fairly stable profit and dividend stream, mostly because it is not
Subsequent to the Vodacom disposal, Brown said, “there were concerns about the Telkom Mobile roll-out, which took a lot of time and a lot of money to gain traction. And it certainly has now.”In the 18 months from when Maseko first joined Telkom in 2013, the company’s share price rallied almost 500%.
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.
Khotso Mokoena back training in bid to qualify for Commonwealth GamesSouth African long and triple jumper Khotso Mokoena has returned to training with the plan of qualifying for next year’s Commonwealth Games to be held in Birmingham, England.
Read more »
AfroCentric women who are shaping healthcare - The Mail & GuardianSponsored: Afrocentric, a leader in the provision of services and products to the healthcare industry, honours all the remarkable women in healthcare this Women’s Month. WomenInHealthcare
Read more »
Ramaphosa’s Zondo refrain of ‘I did not know’ rings false - The Mail & GuardianThe evidence and the events, including the unrest of July, got in the way as President Cyril Ramaphosa said serving as deputy president during South Africa’s period of state capture had been the best way to help end it and consign it to the past.
Read more »
Of carrier pigeons and diamond smugglers - The Mail & GuardianFor nearly 80 years, a huge portion of coastal South Africa was closed to the public. With many of its pits now deemed “overmined” and abandoned, journalist Matthew Gavin Frank sets out across the infamous Diamond Coast to probe an illicit trade.
Read more »
Samsung unpacked - The Mail & GuardianSponsored: The wait is over. The Samsung Galaxy Z Fold3 and Galaxy Z Flip3 foldables feature key improvements that users have asked for. Discover new ways to watch, work and play, perfectly suited for the “new normal”. SamsungUnpacked Read more:
Read more »
DBSA inherits costly 1 Mil refurb headache - The Mail & GuardianThe refurbishment of one floor 1 Military Hospital into a Covid-19 ward with beds for 50 patients and an intensive care unit was completed in 2020 within six weeks, at a cost of R151-million of which R11-million was the agent’s fee.
Read more »