Fibre network operators Vumatel and SA Digital Villages will in future operate as a single entity following the transfer of the SADV wholesale fibre assets to Vumatel.
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Telkom will fight the South African Revenue Service in the constitutional court after an adverse judgment handed down against it at the supreme court of appeal that could severely dent its cash flow.
A recent court decision has come as big blow to Telkom. A judgment handed down on 25 March by the supreme court of appeal held that a R3.9-billion foreign exchange loss and a R136-million incentive bonus were not deductible.
MTN Group will push on with a plan to reduce its majority stake in its Nigerian business, though turmoil caused by the coronavirus may require the sale to be done in smaller chunks than anticipated.
Huawei rotating chairman Eric Xu said he’s aware of the potential for the US to tighten restrictions on the company. China wouldn’t tolerate such action and it would irrevocably damage the global supply chain.
MTN Group CEO Rob Shuter was paid R58.2-million in the 2019 financial year, a 35.7% increase on his total remuneration for 2018, but even these generous rewards were not enough to keep him.
A cable ship has been sent to fix the break in the West African Cable System off the coast of England. Repairs are expected to be completed on Saturday, 4 April.
The Independent Communications Authority of South Africa will extend the validity of existing radio frequency spectrum licences due to South Africa’s Covid-19 lockdown.
Telecommunications operators and Internet service providers are working to find alternative routes after another break in the West African Cable System – the third this year – threatens to slow down Internet access in South Africa.
The West African Cable System has suffered another break – at the worst possible time for South Africa, with many people now relying on home broadband connections to work.