Blue Label Telecoms shareholders on Tuesday approved a plan by the JSE-listed company to buy the 12% of the company’s shares held by US software maker Microsoft in a deal worth R390m. Microsoft is selling the shares at a loss. It bought 91,9m shares in 2007 for R6,75/share and is selling
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UK-based research firm Juniper Research says that although it expects there will be a rapid uptake of long-term evolution (LTE) high-speed mobile broadband technology over the next five years, this uptake to be limited to a small number of large cities and only in
The dispute over Screamer Telecommunications’ alleged unlawful use of radio frequency spectrum owned by state-owned broadcasting signal distributor Sentech is finally coming to a head, with the complaints and compliance committee of the Independent Communications
Telkom’s mobile operator 8ta is looking at next-generation long-term evolution (LTE) mobile technology as a possible replacement for copper in selected areas and as a way of meeting expected growth in demand for data. Zoltan Miklos, executive for converged data networks at 8ta
Telkom on Monday revealed it is considering buying information and communications technology (ICT) assets as it seeks to bolster its presence in the business technology market. In slides accompanying the group’s interim results for the six months to the end of September 2011
Though it’s long been possible to transfer money into a PayPal account using an SA credit card, for the past 18 months the only way SA users of the payment service could retrieve funds from it was via a linked First National Bank (FNB) account. Now users of any SA bank can
Despite already offering cheap voice and broadband deals to its customers, First National Bank is extending its presence in the space by offering cellphone contracts with handsets at subsidised rates in conjunction with Cell C. In a move meant to drive customers to electronic
In notes accompanying its interim financial results, released on Monday, Telkom has confirmed that by 2015 the slowest broadband package on its fixed-line network will offer download speeds of up to 2Mbit/s, from 384kbit/s now, and up to 40Mbit/s at the top end. The company has also
SA Internet company Incubeta Holdings has purchased local online media company Interface Holdings in a share-and-cash deal worth R100m as part of what it calls a “global expansion into the lucrative small and medium
The pressure is on at Telkom. The JSE-listed telecommunications group says tougher trading conditions, growing competition, regulatory challenges and fixed-to-mobile substitution have put pressure on revenue and











