Considering the challenges experienced in getting all the approvals required to complete the transaction, the company has simultaneously been evaluating alternative strategic options to strengthen its position and offering, within the market, as a genuine alternative for the consumer, enabling Telkom to entrench their current brand as Kenya’s preferred data network service provider.
Our confidence in Telkom’s new direction is further bolstered by the accelerated digital transformation brought about by the recent dynamics of the COVID-19 pandemic, that has made both businesses as well individuals, acutely aware of the need to review direction, with respect to how we do things, and the need to step-up. This accelerated digital transformation is particularly important within the telecommunications sector, owing to an increased demand for data and broadband. Consequently, the Notice of Redundancy issued by the Company on 31st July 2019 is withdrawn and the earlier envisaged redundancies no longer apply.
Mugo Kibati, Chief Executive Officer Telkom
Conversely, the new, bold and exciting direction the company is now embarking on, offers all Telkom employees the opportunity for greater career progression, as the company commences the new phase of its development, to establish itself as an essential player in the new digital world order.
The transformation dynamic also presents Telkom with a strategic advantage, to better position its infrastructure asset base and services, to support this digitisation and, in the mid to long term, bridge the consumer digital divide; connecting the unconnected by way of cutting-edge technologies such as Loon.
