Telkom CEO Sipho Maseko has offloaded R6.3-million worth of the shares he holds in the JSE-listed telecommunications group, a regulatory filing on Wednesday showed.
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TechCentral reported on Tuesday that Pick n Pay was set to become the first mobile virtual network operator on MTN’s network. The companies have now published details about the PnP Mobile initiative.
Retail group Pick n Pay will be the first mobile virtual network operator (MVNO) to use MTN South Africa’s newly launched platform to support these types of virtual providers, TechCentral has learnt.
Vodacom South Africa is building a platform to support mobile virtual network operators and expects to launch this soon after the conclusion of the spectrum auction next March.
South African fibre broadband provider MetroFibre Networx has raised R1.5-billion in a new funding round led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers.
Vodacom South Africa enjoyed a 64% year-on-year increase in data consumed by “smart devices”, including smartphones and tablets, driven by the Covid-19 lockdown, parent Vodacom Group said on Monday.
Vodacom Group hiked its interim dividend by 9.2% to R4.15/share (R3.80 previously) on strong headline earnings growth in the first half of its 2021 financial year and a dividend receipt from Kenya’s Safaricom.
Vodacom Group reinstated growth targets and said it has the financial strength to take part in a long-awaited auction of broadband spectrum in South Africa.
Telkom CEO Sipho Maseko pointed out something of the obvious at the group’s interim results presentation earlier this week: the telecommunications group is undervalued.
Telkom’s mobile data revenue surged 54% in the first half of its 2021 financial year, supported by an 81% surge in mobile traffic. However, it’s fixed-line business contracted sharply.