Shares in Telkom soared shortly after markets opened in Johannesburg on Friday as investors took cheer from the fact that the it won’t be burdened with rival Cell C’s debt problems.
Browsing: Telecoms
Vodacom Group on Thursday rubbished a report suggesting its CEO, Shameel Joosub, will soon leave the helm of the telecommunications operator to take on a new role as CEO of Vodafone Africa.
Remgro-controlled telecommunications group Community Investment Ventures Holdings, the parent of Dark Fibre Africa and Vumatel, has appointed Raymond Ndlovu as CEO.
Just two days after the news that Vodacom’s chief technology officer, Andries Delport, is leaving for Remgro-controlled telecommunications provider CIVH, the group has announced the exit of its chief financial officer, Till Streichert.
Remgro-controlled CIVH is quietly becoming a serious player in South Africa’s telecoms landscape – one that has the potential, if it executes well on its plans, to become a major contender in a rapidly shifting sector.
Telecommunications equipment vendor Ericsson predicts that the worldwide number of 5G subscriptions will soar to 2.6 billion within six years.
Outgoing Vodacom Group chief technology officer Andries Delport will join CIVH as CTO where he will drive the strategy around the Remgro-controlled group’s big expansion plans in the telecommunications sector.
Vodacom Group’s long-serving chief technology officer, Andries Delport, has resigned after 23 years with the telecommunications operator.
At one point at the weekend, Cool Ideas’ network was flooded with 500Gbit/s of junk traffic, affecting the ability of its customers to connect to both local and international websites.
Johann Rupert, the billionaire who controls luxury goods giant Richemont, is considering selling stakes in two South African fibre networks valued at as much as R22-billion, people with knowledge of the matter said.