{"id":118929,"date":"2016-04-04T12:01:56","date_gmt":"2016-04-04T10:01:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=118929"},"modified":"2016-04-04T12:01:56","modified_gmt":"2016-04-04T10:01:56","slug":"telkom-and-broadband-infraco-merger-likely-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/118929\/telkom-and-broadband-infraco-merger-likely-report\/","title":{"rendered":"Telkom and Broadband Infraco merger likely: report"},"content":{"rendered":"<p>Broadband Infraco and Telkom are likely to merge, according to a report by <strong><a href=\"http:\/\/www.bdlive.co.za\/business\/technology\/2016\/04\/04\/broadband-infraco-and-telkom-merger-highly-likely\" target=\"_blank\">BusinessDay<\/a><\/strong>.<\/p>\n<p>The report stated that\u00a0Broadband Infraco supports the government\u2019s plan to merge it with Telkom, and that the company wants to\u00a0receive financial assistance \u201cas soon as possible\u201d.<\/p>\n<p>BusinessDay stated that\u00a0Broadband Infraco\u2019s corporate plan for 2016-21 has been tabled in Parliament, showing that its executives believe the company must\u00a0be acquired to \u201cpreserve its value and assets\u201d.<\/p>\n<p>The company lost R245 million in 2014-15, according to the report.<\/p>\n<p>Telecommunications and Postal Services Minister Siyabonga Cwele recently stated that the two companies were in discussions over working together as part of the government\u2019s plan to restructure state entities.<\/p>\n<p>The merger would take 12-18 months to finalise, stated the report.<\/p>\n<p>Broadband Infraco has\u00a014,676km of fixed-line infrastructure, while Telkom has over 147,000km of fibre.<\/p>\n<h3 class=\"my-4\">More on Telkom<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/117812\/telkom-waging-war-against-its-employees-union\/\">Telkom \u2018waging war\u2019 against its employees: union<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/113001\/telkom-in-talks-with-broadband-infraco-report\/\">Telkom in talks with Broadband Infraco: report<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/110889\/telkom-reports-big-growth-in-mobile-but-revenue-stalls\/\">Telkom reports big growth in mobile, but revenue stalls<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/broadband\/99076\/broadband-infraco-asks-for-r1-billion-from-govt\/\"><strong>Broadband Infraco begs for R1 billion govt bailout<\/strong><\/a><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/broadband\/79736\/broadband-infraco-up-for-sale\/\">Broadband Infraco up for sale?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Broadband Infraco and Telkom are likely to merge, according to a report by BusinessDay.<\/p>\n","protected":false},"author":31,"featured_media":90052,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,1876,65],"class_list":["post-118929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-broadband-infraco","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=118929"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118929\/revisions"}],"predecessor-version":[{"id":118931,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118929\/revisions\/118931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90052"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=118929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=118929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=118929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}