Telkom
Telkom is the incumbent telecom carrier in South Africa. Though its monopoly ended in 2002, it maintains 4.8 million access lines providing local access, domestic and international long-distance, and data network services. It also operates Vodacom, its 50%-owned subsidiary that is Africa’s leading wireless carrier with 11 million subscribers (UK-based Vodafone Group owns 35%; South African investment firm VenFin owns 15%). Telkom SA is 15% owned by Thintana Communications, a consortium of US-based SBC Communications (60%) and Telekom Malaysia (40%); Thintana sold half its stake in 2004. The company held its IPO on the NYSE in 2003. After the IPO the government of South Africa owns 38% of Telkom.
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