Author: Duncan McLeod

The high court in Pretoria has handed a significant and potentially ground-breaking legal defeat to Telkom, and victory to Vodacom, over the use of the former’s ducts used to carry broadband cables.

Momentum Metropolitan Holdings said on Monday that it has become the victim of a cyberattack, with criminals able to access sensitive data on its systems.

Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.

Liquid Telecom South Africa has made no decision yet about retrenching staff but has begun a consultation process with employees that could – and probably will – lead to job losses in the months ahead.

MTN Group will exit its operations in the Middle East to become an Africa-only-focused telecommunications operator, CEO Rob Shuter announced on Thursday.

MTN South Africa is feeling the impact of the lost revenue from former roaming partner Telkom, with the company’s service revenue declining by 2.5% year on year despite a strong operational performance.

Cell C said on Tuesday that it is making “good progress” in what it calls a “complex recapitalisation” aimed at ensuring the financially troubled mobile operator survives the debt noose around its neck.

Telkom Financial Services managing executive Sibusiso Ngwenya joins the TechCentral podcast to unpack the news at the weekend that the company is launching a range of financial services products.

Rob Shuter, the outgoing president and CEO of MTN Group, will join BT Group as CEO of the British company’s Enterprise unit and will become a member of BT’s executive committee.

MTN Group shares fell on the JSE on Friday after Africa’s largest telecommunications operator by subscribers said it was scrapping an interim dividend payment to shareholders.