Moody’s Investors Service has cut Telkom’s credit rating to “junk”, or “speculative grade”, and affirmed a negative outlook, the telecommunications operator told shareholders on Monday.
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Cell C has appointed Simo Mkhize as chief commercial officer with immediate effect. Mkhize has 23 years of experience in the telecommunications industry, which includes five years at Cell C previously.
A Lisbon court has ordered the “preventive seizure” of a 26% stake in Portuguese telecommunications company NOS SGPS that’s controlled by Isabel dos Santos, Africa’s richest woman.
Helios Towers’ plans to expand following last year’s London share sale may have been waylaid by the coronavirus outbreak, but the Africa-focused company has $350-million primed and ready for when deal-making can resume.
The West Africa Cable System has begun carrying traffic again after a cable break off the coast of England last week interrupted services between South Africa, and other African countries, and Europe.
Communications minister Stella Ndabeni-Abrahams has moved to assure South Africans that contact tracing in Covid-19 cases will not be used to spy on citizens.
Telkom Group CEO Sipho Maseko joins TechCentral’s Duncan McLeod for a podcast discussion on the operator’s new track-and-trace technology solution designed to fight the Covid-19 pandemic in South Africa.
South Africa’s coronavirus lockdown has highlighted how essential access to reliable, high-speed fibre infrastructure has become for the economy to keep going. By Jacques du Toit.
Vodacom recently agreed with the Competition Commission to slash the cost of prepaid data on its network, including charging a maximum of R99 for 1GB of data. It has now provided details of the new prices.
Cell C has made what it calls a “voluntary offer” to the Competition Commission over data prices, which will see prepaid customers getting free “lifeline” data, albeit very limited.