{"id":213654,"date":"2017-06-01T17:18:11","date_gmt":"2017-06-01T15:18:11","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=213654"},"modified":"2017-06-01T17:20:39","modified_gmt":"2017-06-01T15:20:39","slug":"telkom-set-for-massive-restructuring-report","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business-telecoms\/213654-telkom-set-for-massive-restructuring-report.html","title":{"rendered":"Telkom set for massive restructuring"},"content":{"rendered":"<p>Telkom plans to split the company into four separate business units, giving each greater autonomy, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-06-01\/telkom-said-to-split-business-into-four-units-to-boost-profit\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg reported<\/a><\/strong>.<\/p>\n<p>The report stated that the four divisions will be formed around the following divisions:<\/p>\n<ul>\n<li>Retail<\/li>\n<li>IT Services<\/li>\n<li>Wholesale Broadband<\/li>\n<li>Real Estate<\/li>\n<\/ul>\n<p>Its retail operation will include landline and wireless telecommunications, Internet services, and shops.<\/p>\n<p>Telkom Group CEO Sipho Maseko told Bloomberg there are currently no plans to list any of the businesses, but it\u00a0may be a consideration in the future.<\/p>\n<p>Bloomberg reported that the four subsidiaries will have their own boards and balance sheets\u00a0by the end of March 2018, and report to a head office overseen by Maseko.<\/p>\n<p>According to the report, the split is part of Telkom&#8217;s turnaround plan and aims to increase profits.<\/p>\n<p>Maseko said\u00a0the\u00a0objective is to grant more\u00a0autonomy to the independent business units and drive excellence by\u00a0breaking down bureaucracy, bringing staff closer to customers, and simplifying and digitising the company&#8217;s processes.<\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"http:\/\/mybroadband.co.za\/news\/security\/212442-how-did-wannacry-traffic-take-down-telkoms-app-call-centre-and-website.html\">How did WannaCry traffic take down Telkom&#8217;s app, call centre, and website?<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Telkom plans to split the company into four separate business units, giving each greater autonomy.<\/p>\n","protected":false},"author":23,"featured_media":130892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[41906],"tags":[35,279,109],"class_list":["post-213654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-telecoms","tag-headline","tag-sipho-maseko","tag-telkom"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/213654"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=213654"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/213654\/revisions"}],"predecessor-version":[{"id":213658,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/213654\/revisions\/213658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/130892"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=213654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=213654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=213654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}