Telkom puts BCX suitors on hold
Plans to sell shares in the division put on ice pending efforts to stabilise it
23 June 2024 - 08:08
Telkom has paused plans to seek a partner for struggling subsidiary BCX, saying it will first stabilise the business before considering its next move. This comes as the third largest mobile operator eyes increased market share in mobile data and fibre markets.
Two years ago, as part of its value unlock strategy, Telkom planned to sell shares in BCX and other subsidiaries so it could focus on its fibre infrastructure subsidiary Openserve and its mobile consumer business. ..
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