Telkom CEO Sipho Maseko said the company is looking at becoming a solutions and content provider, instead of just providing connectivity.
In an interview with Business Times, Maseko said they are planning to get the rights to broadcast sporting events like Premier Soccer League matches.
The change in business model will allow the company to generate additional revenue from its current fixed-line connectivity business.
He said the bigger plan is that future Telkom customers will get one bill for all their voice, connectivity, and entertainment needs.
Part of Telkom’s strategy is also to increase its capacity in the IT services market. To achieve this, it is acquiring Business Connection.
The Competition Tribunal recently approved its acquisition of Business Connexion (BCX), which will then delist from the JSE.
“We are very pleased that the Competition Tribunal has approved this acquisition, which will benefit both Telkom and BCX customers,” said Maseko.
He said that Telkom will now be able to grow beyond its core business of connectivity by expanding into ICT services, while reinforcing its connectivity offering.
The full report is available in the Business Times of 9 August 2015.