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Telkom considers selling mobile towers

22 June 2020 6:35 PM
Tags:
Telkom
towers
Telkom reuslts
mobile towers

Telkom wants more value from its mobile-tower business, including a potential sale.

Telkom has experienced a big decline in fixed broadband, closer subscribers, internet subscribers and fixed access lines.

Telkom has released its results - and the company is looking at ways to generate more value from its mobile-towers, including a potential sale or spin-off.

Covid-19 just complicated an already difficult world - remember that we were already in technical recession...

Sipho Nkosinathi Maseko, Chief Executive Officer - Telkom

Another 2300 people are accepting voluntary retrenchments - the Telkom headcount is also shrinking.

We are probably about 11-thousand people max across the entire group - it's part of this technology shift as everything went online...I think Covid-19 will accelerate some of the digitisation of services - online education, online health, online retail...

Sipho Maseko, Chief Executive Officer - Telkom

For 30-odd years we've been harvesting high-margin revenues and we've been investing in creating new revenues.

Sipho Maseko, Chief Executive Officer - Telkom

After being a monopoly for many decades - Telkom will have to carve out a unique position since it has a whole host of competitors.

Having been a monopoly for so long actually was bad for us - we became very complacent, we were not innovative, we could increase prices...

Sipho Maseko, Chief Executive Officer - Telkom

A total of 6500 masts or towers are being sold off.

Masts and towers are just a different asset class...we've realised actually we don't gain much competitive advantage to own these.

Sipho Maseko, Chief Executive Officer - Telkom
Telkom Direct store. Picture: Facebook.

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22 June 2020 6:35 PM
Tags:
Telkom
towers
Telkom reuslts
mobile towers

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