Telkom subsidiary Openserve has found itself in an unlikely position: despite being a low-margin, labour-intensive business that faces intense competition and regulatory scrutiny — hardly attractive qualities — it is being eyed by potential suitors.

Created in 2015 through a “deep functional separation” from the rest of Telkom, Openserve was recently legally separated from the partly privatised operator too, becoming a wholly owned subsidiary of the telecommunications group as of September 1 2022. Openserve is now at arm’s length from the Telkom mother ship, or so the theory goes...

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