The Government of South Africa has adopted a policy position to beef up its infrastructure for the next seven years, particularly in rural areas.
In considering the proposed deal between Telkom and South Korea’s KT Corporation, Cabinet took into account the fact that the Department of Communications is driving the Government policy of rolling out broadband, in partnership with the private sector, to all citizens by 2020.
Telkom is a key and strategic asset in the rollout of this telecommunications infrastructure and in the effort to improve the skills of our citizens. Government recognise the need for Telkom to implement an urgent turn-around strategy, and to get the company back on its critical centre of delivering ICT services to all South Africans, new options will be considered by both Telkom and government in this regard.
Cabinet has asked Minister Dina Pule to report back to Cabinet about all the options that are available for Telkom in three months.
For enquiries, please contact:
Jimmy Manyi
Cell: 082 379 3454
Siya Qoza
Cell: 082 898 1657
Statement on Cabinet decision regarding the proposed Telkom-KT Corporation transaction
