How Telkom lost its mojo

If you wanted a phone line or Internet connection, Telkom once used to be the only game in town — a seemingly unassailable state-sanctioned monopoly.
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Sipho Maseko said Telkom was worth R108 per share — but only wanted to pay R46

Former Telkom CEO Sipho Maseko told investors in 2020 that Telkom was worth R53 billion, equating to a share price of R108. However, he reportedly led a consortium that offered R46 per share to buy a majority stake in the company.
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Telkom the “perfect target” for Axian and former CEO

Axian said acquiring a controlling stake in Telkom will help it achieve its goal of becoming the fifth-largest mobile network operator in Africa.
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Telkom’s plan to cut 2,000 employees “outrageous” — Union

Communications Workers Union general secretary Aubrey Tshabalala vowed they would fight Telkom’s plan to retrench 15% of its workforce.
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How much money Sipho Maseko made in his last year as Telkom CEO

Telkom’s board justified their decision to pay former group CEO Sipho Maseko a R20 million retention bonus over two years.
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Former Telkom CEO’s warning about 10GB free data

Former Telkom CEO Sipho Maseko has warned against removing the spectrum licences of network providers that don’t comply with government’s free data plans.
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Dodgy Telkom deals under investigation — including one where it made a R7 billion loss

President Cyril Ramaphosa has instructed South Africa’s anti-corruption watchdog to investigate allegedly unlawful, improper or irregular deals at Telkom.
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Telkom CEO Sipho Maseko leaves six months early

Telkom’s outgoing group CEO Sipho Maseko will be leaving the company six months earlier than previously stated.
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Our customers hated us — Telkom CEO

Telkom CEO Sipho Maseko said Telkom faced an existential crisis with customers hating the company.
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What happened at “classified” meeting with South African cellular networks

A solution to the temporary spectrum stand-off between industry regulator Icasa and South Africa’s cellular network operators is expected this week.
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