TRAGIC END

The Citizen (KZN) - - News - [email protected]­i­zen.co.za

af­ter Telkom an­nounced last year it would de­com­mis­sion its cop­per net­work in favour of fi­bre. Its con­sumer busi­ness and whole­sale divi­sion will be af­fected.

The tele­coms firm has opted to move away from its legacy cop­per busi­ness in favour of more ad­vanced, af­ford­able tech.

Telkom’s shares have slumped from a ma­jor high of more than R100 last year. The price plunged to just R29.42 per share be­fore re­cov­er­ing some­what this week. The price is now about R35.

The com­pany said the re­trench­ments would be nec­es­sary due to mar­ket con­di­tions, reg­u­la­tory un­cer­tainty and an overly com­pet­i­tive en­vi­ron­ment.

The firm is also grap­pling with or­gan­i­sa­tional and op­er­a­tional in­ef­fi­cien­cies linked to fixed voice and data ser­vices, which re­quire more staff to in­stall, main­tain and mar­ket, it said in a let­ter to unions.

Pic­ture: Jac­ques Nelles

The body of a man killed in a hit and run ac­ci­dent late on Sun­day night along the R55 in Olieven­hout­bosch can be seen cov­ered in a blan­ket.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.