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Message: [QUOTE="Queen, post: 86840, member: 27"] A revenue slide just forced a corner office reset at BCX, and the timing screams pressure as Telkom reshuffles leadership mid-downturn. BCX CEO exits after seven years [LIST] [*]Business Connexion chief executive Jonas Bogoshi retires at the end of February 2026. [*]Bogoshi joined in April 2018 as chief revenue officer. [*]Later that year, he stepped into the top role. [*]The board credited him for the groundwork on the strategic review. [/LIST] Hasnain Motlekar steps in as acting CEO [LIST] [*]Telkom appointed Hasnain Motlekar from 1 March. [*]Motlekar brings over 28 years of experience inside Telkom. [*]Currently, he runs commercial operations at Telkom Business. [*]Appointment signals continuity during the transformation phase. [/LIST] Revenue slump rattles enterprise arm [LIST] [*]BCX revenue dropped 9.3 percent to R2.64 billion. [*]The quarter ended 31 December 2025 showed weak demand. [*]Year-to-date revenue slid 5.9 percent. [*]Converged communications and IT services saw double-digit declines. [/LIST] Bright spots and margin discipline [LIST] [*]Cybersecurity services posted solid growth in the quarter. [*]IT hardware and software revenue climbed 19.6 percent. [*]EBITDA margin held at 10.4 percent. [*]Management blamed long sales cycles and delayed projects. [/LIST] Telkom Group cushions the blow [LIST] [*]Telkom Group revenue rose 1.3 percent to R11.13 billion. [*]Data income jumped 9.6 percent to R6.9 billion. [*]Openserve expanded homes passed to 1.5 million. [*]Mobile division continued strong subscriber and traffic growth. [/LIST] [/QUOTE]

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