Author: Duncan McLeod

EOH Holdings said on Wednesday that it has completed its “targeted” turnaround strategy after reporting a big swing to profit. This as it reported a 20% plunge in revenue.

The devastating floods that hit KwaZulu-Natal on Monday have knocked out more than a thousand mobile towers operated by Vodacom, MTN and Telkom.

E.tv has filed papers with the constitutional court on an urgent basis seeking an appeal of the high court judgment that analogue terrestrial television broadcasts in South Africa be switched off on 30 June.

Just one working day before it was due to take on communications regulator Icasa in a high-stakes, week-long battle in the high court, Telkom has withdrawn its legal action over the recent spectrum auction.

Vodacom will use its newly acquired spectrum assets to build out 4G and 5G infrastructure and grow its presence in the wireless broadband market, CEO Shameel Joosub said.

Seacom has agreed to buy two businesses from JSE-listed EOH Holdings, Network Solutions (EOH-NS) and Hymax, for R144.9-million.

The SABC has apologised to Khumbudzo Ntshavheni over its media statement last month that criticised her plan to switch off analogue terrestrial television broadcasts by 31 March.

MTN Group on Wednesday moved to reassure nervous investors that a crackdown by Nigerian authorities on unregistered phone lines will not have a huge adverse impact.

RCS, the consumer finance arm of French banking group BNP Paribas, has acquired South African online credit provider Mobicred.

MultiChoice must negotiate a commercial agreement with the SABC to carry the public broadcaster’s channels on DStv, communications regulator Icasa has decided.