- Business
- Telkom SA SOC Ltd (TKG.JO) operates as a leading integrated communications and information technology services provider in South Africa, with operations extending to the United States, the United Kingdom, rest of Europe and select international markets. Founded in 1991 and headquartered in Pretoria, South Africa, the company delivers a comprehensive portfolio of core products and services through its principal business units, including Openserve, which provides wholesale open-access fibre, copper and wireless connectivity infrastructure along with broadband, enterprise ethernet, optical carrier and global network solutions; Telkom Consumer, which offers fixed-line residential broadband, mobile voice and data services including prepaid bundles such as FlexOn data-voice-SMS combinations, WhatsApp bundles, social media bundles and streaming bundles to retail consumers across all nine provinces; BCX, which supplies end-to-end ICT solutions encompassing cloud computing, software-defined wide area networks, enterprise applications, analytics, voice connectivity, cybersecurity and digital transformation services to medium and large enterprises, government and business customers; and Gyro, which manages property portfolios, data centres and ancillary infrastructure solutions. The company targets residential consumers, small-to-medium businesses, large enterprises, government entities and wholesale carriers, primarily within the converged ICT sector focused on fixed, mobile and IT services. In March 2025, Telkom completed the sale of its Swiftnet tower infrastructure unit, comprising over 4,000 telecom tower sites, to an Actis-led consortium including the Mineworkers Investment Company and Royal Bafokeng Holdings for an enterprise value of approximately ZAR6.75 billion (US$370 million), enabling substantial debt reduction, improved free cash flow and a strategic shift toward core fibre and mobile operations amid ongoing network resilience investments to counter loadshedding impacts. Recent operational enhancements include mobile price adjustments to support revenue growth and sustained capital discipline, positioning the company for potential sector consolidation opportunities such as interest in its Openserve fibre network. Telkom maintains its listing on the Johannesburg Stock Exchange under the ticker TKG.JO, with the South African government holding a significant minority stake.