Latest News & Developments
telecoms
Telkom enters the MVNO market to enhance competitiveness, support black-owned businesses
Telkom has entered South Africa's rapidly growing Mobile Virtual Network Operator market through a strategic partnership that enables multiple MVNOs to access its network. With the market projected to reach R83. 6 billion and subscriber numbers surging by 51% year-on-year, Telkom aims to become a key enabler for new entrants, particularly black-owned businesses, while fulfilling Icasa's spectrum licence requirements.
Telkom shares surge as R6. 75bn sale of Swiftnet tower business nears completion
Telkom's share price increased by 2. 9% following the announcement that all conditions have been met for the R6. 75 billion sale of its Swiftnet tower business to a consortium led by Actis and Royal Bafokeng Holdings. The proceeds will be used to reduce debt and invest in core business operations