Overview: Today we’re going to talk about Telkom - The South African telecommunications company. We’ll explore the Telkom story across 5 areas: We'll start with some context about the South African telecoms sector Telkom's early history We'll deepdive into Telkom's primarily telco & non-telco businesses Telkom's operating & financial performance .Overall outlook. This episode was recorded on Mar 27, 2022 Companies discussed: Telkom, Vodacom, Vodafone, Cell C, MTN, Southwestern Bell Communications (now AT&T), Safaricom, M-Pesa, Rain Networks & Multilinks Business concepts discussed: Telecommunications (Telco) strategy, Mobile money, Internet connectivity, International telecommunication expansion, Mobile Virtual Network Operators (MVNOs), Cell Towers spinoffs & Telco regulation Conversation highlights: (01:10) - Telkom and why we’re talking about it (07:12) - South Africa context (13:20) - Telkom’s transition to commercial company (15:30) - SBC and Telekom Malaysia investment in 1997 (18:44) - 2003 IPO (33:20) - Telkom sale of Vodacom stake (35:00) - Telkom market expansion (43:17) - Telkom’s mobile business (55:08) - Telkom’s non-telco businesses (1:17:38) - Investments and Partnerships (1:21:38) - Financial results and stock performance (1:31:44) - Olumide’s overall thoughts and outlook (1:36:40) - Bankole’s overall thoughts and outlook (1:46:55) - Recommendations and small wins Olumide’s recommendations & small wins: Recommendation: The Wealthy Gardner, Generalist AngelList article (AngelList is probably my favorite company in the world), Live life with Passion (Brendon Burchard) Recommendation: AwardLogic & Point.me. There's never really been an Expedia of airline miles Small win: Got Samsung Galaxy S22, looks nice. Just need to set it up Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at [email protected] Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at [email protected] Bankole’s recommendations & small wins: Recommendation: Margin of Safety by Seth Klarman & Encanto Small win: Played basketball for the first time in several months Other content: San Francisco Has Become a Shoplifter’s Paradise Investors, Operators, Entrepreneurs - We’d love to hear from you. Please email [email protected] to share feedback or propose topics you’d like to hear.