‘Telkom is not for sale’
Company CEO Serame Taukobong is adamant that the ailing mobile operator is not up for grabs in its entirety. But it may look to boost its sustainability by holding on to the best parts, bringing in outside investment to scale other parts and selling those that no longer fit its strategy
01 June 2023 - 05:03
Telkom is not for sale. That’s the crisp message from CEO Serame Taukobong, even as his predecessor, Sipho Maseko, is mounting a bid to buy the listless telecoms operator.
The clouds seem to be gathering for the one-time fixed-line telephone monopoly derided as “Hellkom” by frustrated customers: its shares plunged 15% on May 17, when it warned that its profit for the year to March would be at least 85% worse than that of the previous year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.