Telkom eyes fibre and mobile for its future growth
Telkom is looking to grow its fibre and mobile interests with the telecommunications group spending billions of rands on growing these two sections of its business.
Sipho Maseko, Telkom CEO, said during an interview this week that the group had an estimated fibre market share – covering fibre to households, businesses and base stations – of about 50%.
However, he said that the fibre market was seeing increased competition as the number of fibre companies expanded.
Telkom has installed more than 149 000km of fibre, which goes through 2.2 million premises.
Maseko said difficult times for the group’s mobile unit were over as the business was growing and profitable after four years of losses.
Telkom put the profitability of the unit down to its network expansion, distribution network extension, an increased number of stores and innovative products, especially data offerings.
Telkom’s mobile business now has almost 4 million customers and the mobile business, especially broadband, is growing rapidly.
Turning to acquisitions, Maseko said that Telkom would only consider “sensible” acquisitions.
Telkom’s focus for now was fixing the group’s existing businesses, he added.
– Justin Brown