Cape Town – Former Vodacom managing director, Sipho Maseko is to step down as Telkom’s CEO, reports say, adding that the process to appoint his successor is well under way.
Maseko, who among other things oversaw Telkom’s fibre expansion, will remain in his position until June nest year.
According to BusineTech, under Maseko’s leadership, Telkom has become the third largest telecommunications company in South Africa.
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“During his eight-year tenure, he turned the business around and evolved it from a traditional fixed business to a portfolio of businesses which comprises the Mobile, IT, Wholesale infrastructure business and the Masts and Tower portfolio,” News24 quoted Telkom as saying.
Maseko’s successor will be announced in the “not too distant future”, Telkom said.
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Compile by Sinothando Siyolo
