A new deal for the sale of cloud computing products with China’s Alibaba is helping to drum up interest in BCX, which is still for sale, having had a difficult time attracting investors to take up an equity stake in the technology business.
However, with BCX, a big earner for the group at about a third of revenue, starting to see signs of growth, Telkom is now eager for a partner to help scale the business and take on bigger competitors. The search for an investor for the IT company — headed by Jonas Bogoshi, a former Gijima and Cisco executive — is part of a wider strategic push by the fixed-line operator to release billions of rand trapped in its sprawling structure, which includes properties, masts and towers, BCX and internet fibre operator Openserve.business, but progress in finding such a benefactor appears to be much slower than market players had expected.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Struggling BCX pursues cyber security as next growth frontierBCX selects CyberSecurity, IT solutions and advisory services as new growth vectors that will be instrumental in remodelling the business. Telkom Openserve
Source: ITWeb - 🏆 45. / 51 Read more »
WATCH: Migration to new tech dials down Telkom’s profitBusiness Day TV talks to Telkom CEO, Serame Taukobong
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TechCentral - 🏆 8. / 71 Read more »
Struggling BCX pursues cyber security as next growth frontierBCX selects CyberSecurity, IT solutions and advisory services as new growth vectors that will be instrumental in remodelling the business. Telkom Openserve
Source: ITWeb - 🏆 45. / 51 Read more »
Source: mybroadband - 🏆 11. / 67 Read more »