Business
Multi-Links Gets New CEO
South African telecom giant, Yelkom said it has appointed Mr Jeffrey Hedberg as the new Chief Executive Officer (CEO) of Multi-Links.
The Telecomes Company, in a statement said that turning around Multi-Links performance was vital given the extent of the group’s investment and the enormous opportunity the Nigerian market provides.
“We expect Multi-Links to become cash flow positive by 2011/12, said Yelkom’s Group CEO Reuben September.
Last month, Yelkom said that improving business in Nigeria was a top priority, after its annual results showed that operations in the West African country had made a loss of R1.76 billion.
The parastatal said it would turn the operations around by investing in an additional 1000km of fibre in the 2009/2010 financial year to increase its subscriber growth.
September said that Mr. Jeffrey’s wealth of experience would prove vital to Yelkom’s ‘defend and grow strategy’ as the company refocuses itself to maintain a leadership position in South Africa while expanding its footprint across Africa.
Hedberg has also worked for Deutsche Telekom as Executive Vice-President and Member of the Board of Management between 1999 and 2002, as well as Swisscom. He has a master’s qualification in International Management, International Policy and International Law from the University of Denver.