{"id":177425,"date":"2017-06-01T17:22:36","date_gmt":"2017-06-01T15:22:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=177425"},"modified":"2017-06-01T17:22:36","modified_gmt":"2017-06-01T15:22:36","slug":"telkom-plans-to-split-business-units","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/177425\/telkom-plans-to-split-business-units\/","title":{"rendered":"Telkom plans to split business units"},"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\u2019s 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\u2019s processes.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/telecommunications\/174781\/telkom-share-price-soars-8-after-trading-update\/\" target=\"_blank\" rel=\"noopener noreferrer\">Telkom share price soars 8% after trading update<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telkom plans to split the company into four separate business units, giving each greater autonomy, Bloomberg reported.<\/p>\n","protected":false},"author":31,"featured_media":50233,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,65],"class_list":["post-177425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177425","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=177425"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177425\/revisions"}],"predecessor-version":[{"id":177427,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177425\/revisions\/177427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/50233"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=177425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=177425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=177425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}