Seacom, which operates an undersea cable that connects Africa to Europe and Asia, is not commenting on speculation that it is in talks to buy South African fibre provider FibreCo Telecommunications.
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Internet Solutions may be feeling the pressure from Teraco’s NAPAfrica. The Dimension Data-owned Internet service provider said on Thursday that it plans to become “more open and actively engaged in peering”.
Listed IT distributor Mustek said on Thursday that it expects headline earnings per share to be as much as a third higher in the year to 30 June 2018. The share price rose.
Nikon has unveiled its first full-frame mirrorless cameras, seeking to make up lost ground against Sony in the professional photography market.
As Blue Label’s share price on Wednesday fell to the same level as its debut price on the JSE 11 years ago, the company’s management team has moved to assure the market that its acquisition of 45% of Cell C was not only well thought through but will deliver the expected returns.
There is a high risk of rolling electricity blackouts in South Africa on Wednesday evening, state-owned power monopoly Eskom said in a statement.
A day after falling 8% on the back of interim results published by Cell C, Blue Label Telecoms shares again took a battering on Wednesday after the group published full-year results.
Bitcoin jumped more than 5% in the span of a few minutes on Wednesday, pacing a rally in cryptocurrencies as market watchers cited potential short covering for the move.
Shares in Blue Label Telecoms, which owns 45% of Cell C, fell by 8% on Tuesday after the mobile operator reported half-year results to 30 June 2018 that showed a net loss after tax of R645-million.
Cell C is planning a share sale in Johannesburg by the first quarter of 2020 as South Africa’s third largest wireless company seeks funds for acquisitions.