Telkom CEO Sipho Maseko
With rumours swirling in about potential sector consolidation in the months ahead, Telkom CEO Sipho Maseko said his company is ready for a wave of mergers and acquisitions – should they happen.
Speaking to TechCentral editor Duncan McLeod following the publication of Telkom’s full-year results for the year ending 31 March 2020, Maseko said the market will become “very foul” in the next year or two as a result of the weak and deteriorating economy.
Structural separation means we will have a proper subsidiary with its own legal structure, balance sheet assets and board
DM: Is your mobile business still growing as fast as you’d like it to.
DM: Is this being done in anticipation of a possible future sale of Openserve, or is the business strategically important to Telkom?
By federalising the business model, we want to give as much transparency on the income statement and the balance sheet of each of these entities (Openserve, Gyro, BCX, etc), because then you can value them properly as standalone businesses.
