Telkom is also working to turn around its financial performance and expects the separation of its wholesale and retail divisions will facilitate greater focus, accountability and customer-centricity. As a stand-alone business unit within Telkom, Openserve will be autonomous and will be responsible for its own profit and loss account.
According to Alphonzo Samuels, the MD for Openserve, the separation signals Telkom's commitment to a more competitive market and lower prices for consumers. Openserve will enable more choice, increased innovation and greater service-provider competition, he said. The result will be increased broadband access. Telkom said it intends to play a substantial role in lowering the barrier to entry for new players and to increase the competitiveness of smaller players.
