Telkom reaffirms 1 million home fibre plans

Telkom has reaffirmed its plans to provide one million South African homes with access to fibre by 2018.

Telkom said it is currently rolling out the biggest open-access fibre suburb to date in Bryanston, where more than 12,000 homes will have access to fibre technology by March 2016.

“We will be rolling out fibre in multiple additional suburbs in Johannesburg, Pretoria, Cape Town, Durban, Bloemfontein, Kimberley, and Port Elizabeth,” said Telkom.

Telkom said the increase in its capital expenditure to R2.3 billion in 2015 – an increase of 20.4% year-on-year – is driven by its objective of becoming a leading provider of converged solutions.

“This objective requires that we expand our mobile network and accelerate the building of our next generation network by rapidly increasing our fibre and LTE footprints.”

“We have intensified the funding for fibre-to-the-home to maintain our competitive advantage and retain our existing customers.”

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Telkom reaffirms 1 million home fibre plans