![\"Multi-Links\"](\"http:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2015\/09\/Multi-Links.jpg\")
<\/a><\/p>\nTelkom purchased 75% of Nigeria’s Multi-Links for $280 million in March 2007 as part of its African expansion strategy.<\/p>\n
Two years later,\u00a0the company bought the remaining 25%<\/a><\/strong> of Multi-Links for $125 million – an investment which many people questioned.<\/p>\n Multi-Links bled money for years<\/strong><\/a>, but\u00a0Telkom continued to fund the project<\/a><\/strong> without any great upside.<\/p>\n In 2011, Telkom sold Multi-Links, after\u00a0its failed Nigerian expansion cost the company over R7 billion.<\/p>\n Former Telkom CEO Nombulelo \u201cPinky\u201d Moholi said in 2012<\/a><\/strong> that the company made mistakes in its investments in Africa, calling its Nigerian losses embarrassing.<\/p>\n Telkom was the majority shareholder in Vodacom after\u00a0the company was founded in the early nineties.<\/p>\n Vodacom showed excellent growth in the 90s and 2000s, bolstering Telkom\u2019s coffers with record profits.<\/p>\n Telkom had the option to buy Venfin’s 15% stake in Vodacom<\/a><\/strong> in 2005 to own a majority of the company. However, it lost out and Vodafone grabbed the share.<\/p>\n The 50\/50 partnership did not work well, and in the end Telkom decided to sell its 50% stake in Vodacom<\/a><\/strong>.<\/p>\n Telkom chief strategy officer Miriam Altman said<\/strong><\/a> in 2013 that selling its 50% stake in Vodacom was one of the company\u2019s biggest mistakes.<\/p>\n Telkom formed Telkom Media in August 2006, and received a pay-TV licence<\/a><\/strong> from Icasa in September 2007.<\/p>\n The company said it would invest R7 billion in the new media venture, and planned to offer a range of entertainment services<\/a><\/strong>.<\/p>\n In March 2008, Telkom said<\/strong><\/a> it would reduce its funding by R2.2 billion, but then decided to sell the company.<\/p>\n Telkom sold its 75% interest in Telkom Media to Shenzhen Media South Africa for a \u201cnominal amount\u201d in May 2009.<\/p>\n Over the last decade, Telkom had many CEOs<\/strong><\/a>, which started after Sizwe Nxasana left the company in 2005 [Read:\u00a0Telkom’s leadership struggles<\/a>]<\/strong>.<\/p>\n Nxasana was succeeded by Papi Molotsane, who acted as Telkom CEO from September 2005 until April 2007.<\/p>\n The Telkom veteran Reuben September took over from Molotsane, and he led the company until 2010<\/a><\/strong>.<\/p>\n Former Cell C CEO Jeffrey Hedberg was named acting Group CEO to replace September, but he did not last long.<\/p>\n In less than a year he was replaced with Pinky Moholi. However, she also did not stay for too long, and resigned from the company less than two years after starting as CEO.<\/p>\n Moholi was replaced by Sipho Maseko, who is currently\u00a0CEO at the company.<\/p>\n MWEB launched South Africa\u2019s first affordable uncapped ADSL products<\/strong><\/a> in March 2010, but it was not until September 2011 that Telkom launched its uncapped ADSL packages<\/a><\/strong>.<\/p>\n The long delay in responding to MWEB\u2019s uncapped ADSL products resulted in lost ground in the uncapped broadband market.<\/p>\n Here is who qualifies for Telkom\u2019s free ADSL-to-FTTH trial<\/a><\/strong><\/p>\n Massive Telkom fibre-to-the-home roll-out begins<\/a><\/strong><\/p>\n
\nTelkom selling its share in Vodacom, which gave it billions of rand each year in profits<\/h3>\n
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\nTelkom Media<\/h3>\n
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\nTelkom struggling to keep\u00a0a long-term leader, with 5 CEOs in 10 years<\/h3>\n
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\nTelkom waited a long time before offering uncapped ADSL products after MWEB launched its\u00a0uncapped services<\/h3>\n
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\nMore on Telkom<\/h3>\n