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28 March 2013

Telkom appoints GCEO

The Telkom Board today announced the appointment of telecommunications executive Sipho Maseko as Group Chief Executive Officer and executive director of Telkom Group with effect from 1 April 2013.

Telkom also announced that it is appointing Managing Director of Telkom Business Dr Brian Armstrong as Group Chief Operating Officer. These appointments enable the departure of the incumbent Group Chief Executive Officer, Nombulelo Moholi, at the end of March 2013, following her resignation in November 2012.

“The appointment of a seasoned executive with telecommunications experience is another building block in Telkom’s turnaround process“, said Jabu Mabuza, the Telkom chairman. “The objective of Telkom’s turnaround is to deliver sustainable performance. It is a strategy that requires a strong leadership team with the ability to ensure performance and execution and gain the support of all its stakeholders.”

Mr Mabuza said the Board followed a thorough governance process in making these appointments. “We instructed the executive search consultants to cast a wide net, so that we could choose from the best candidates. The Board has full confidence in the capabilities of our new Group Chief Executive to be a strong strategic leader, able to gain the support of all stakeholders in dealing with Telkom’s turnaround challenges. We are also confident that the appointment of Brian Armstrong as Group COO ensures business performance for our customers during the turnaround process.”

Mr Mabuza also said that part of the process included consultation with key stakeholders about the Board’s decision. He wished outgoing GCEO Nombulelo Moholi well and thanked her for her contribution to the group.

Commenting on his appointment, Mr Maseko said: “Telkom is a great asset for South Africa and I am privileged to be entrusted with its leadership. I am determined that we’ll earn the trust of all our stakeholders the old-fashioned way, by delivering results. Having spoken earlier today to Brian Armstrong, I am delighted that he shares this focus and look forward to working with him.”

Dr Armstrong said he is delighted about working with Sipho Maseko and excited about serving as Group COO: “Telkom has tough challenges and Sipho is clearly the right man to lead us.”

For further enquiries, please contact:

Pynee Chetty

Senior Specialist: Media Relations

Group Communication

Tel:+27 12 642 1716

Mobile: +27 81 389 7874

Email: chettpr2@telkom.co.za

OR

Leigh-Ann Francis

Specialist: Media Relations

Group Communication

Tel: +27 12 642 1728

Mobile: +27 81 391 4780

Email: francilm@telkom.co.za

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ABOUT TELKOM:

Telkom is a leading communications services provider in South Africa. We had consolidated operating revenue of R16.8 billion and normalised profit after tax of R1, 683 million for the period ended 30 September 2015. Total assets amounted to R41.9 billion and equity attributable to the owners of Telkom to R23.5 billion as of 30 September 2015. The group generated normalised free cash flow of R1.4 billion for the period ended 30 September 2015.

As of 30 September 2015, we had approximately 3.3 million telephone access lines in service and 1,030,441 ports connected via MSAN access. We offer business, residential and payphone customers a wide range of services and products, including:

  • fixed-line retail voice services using PSTN (Public Switched Telephone Network) lines, including ISDN (Integrated Services Digital Network) lines, and the sale of subscription based value-added voice services and calling plans;
  • fixed-line customer premises equipment rental and sales services both voice and data needs and these include PABX, Computers, Routers, Modems, Telephone handsets and other ancillary equipment;
  • interconnection services, including terminating and transiting traffic from South African mobile operators, as well as from international operators and transiting traffic from mobile to international destinations;
  • fixed-line data services, including domestic and international data transmission services, such as point-to-point leased lines, ADSL (Asymmetrical Digital Subscriber Line) services, packet-based services, managed data networking services and internet access and related information technology services;
  • Data Centre Operations includes e-commerce, application service provider, hosting, data storage, e-mail and security services;
  • W-CDMA (Wideband Code Division Multiple Access), a 3G next generation network, including fixed voice services, data services and nomadic voice services;
  • mobile communication services, including voice services, data services and handset sales through our mobile navbar-brand called Telkom Mobile;
  •  information and communication services including cloud services, infrastructure services, workspace services, global service integration management and hardware and network equipment sales locally, in seven African countries, the UK and Dubai through Business Connexion Group; and
  • other services including directory services, through Trudon (Pty) Ltd, wireless data services, through Swiftnet (Pty) Ltd.

Convergence is one of our key strategic initiatives in building a sustainable future for Telkom.  We will lead the provision of converged services in South Africa in support of our mission statement: Seamlessly connecting people to a better life.