Is Openserve a Telkom Company

Image sourced from MoneyWeb.com. South African wholesale network infrastructure provider Openserve has officially split from its parent Telkom Group today, according to an announcement from Telkom. As part of its Q1 SENS announcement, Telkom Group says that it has approved the legal and structural separation of Openserve. The ISP will split from its parent effective 1 September 2022. Highlighting the decision, Serame Taukobong, Telkom Group CEO says, “We have been on a journey to transform and unlock value in the Group by separating the operating businesses to become standalone entities, which started with BCX and subsequently Gyro, which now operate as separate legal entities wholly owned by Telkom SOC.” “Openserve follows suit as a wholly owned subsidiary of the Telkom Group, which will ...