MTN will not get access to Telkom’s valuable chunk of 4G/LTE radio frequency spectrum in the 2,3GHz band. The negotiations between the two companies, in which it is proposed that MTN takes over the financial and operational management of Telkom’s radio access network, specifically excludes
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Dimension Data’s Internet Solutions is acquiring disaster recovery specialist ContinuitySA for an undisclosed sum. The deal means Internet Solutions will be able to meet demand from clients for full data recovery and business continuity services from a single provider, it said in a statement. “There are
Telkom and Business Connexion have agreed to suspend talks following the death on Wednesday of BCX CEO Benjamin Mophatlane. The two had been in negotiations following the telecommunications operator’s decision to table a R2,7bn offer to buy the IT services company. Mophatlane died on
Telkom CEO Sipho Maseko has paid tribute to the late CEO of Business Connexion (BCX), Benjamin Mophatlane, saying his death is a “great loss, not only for BCX, but for business in South Africa, the Africa region and the world”. “His zest for life and energising presence will be deeply missed,” Maseko said
Vumatel, the company that recently won the project to deploy fibre-to-the-home broadband in Parkhurst in Johannesburg intends rolling out fibre to as many as 200 000 homes in the next three to four years at a cost of between R2bn and R3bn. The company, which is led by CEO Niel Schoeman
South Africa has plenty of sunshine, and two Port Elizabeth-based entrepreneurs want to use this to charge the Millbug Vuya Tablet, a device they conceptualised locally. Vuya means “be happy” in isiXhosa. Millbug was founded in 2012 by Sabelo Sibanda, 30, and Thulisile Volwana, 22. It started as an e-commerce company
MTN South Africa remains under pressure, reporting a decline in revenue in the first four months of 2014 compared to the same period a year ago, the JSE-listed telecommunications group said on Tuesday. The contraction in revenue was the result of the reduction in retail rates and the 1 April 2014 reduction in mobile inter-network
Leading payment systems provider Net1 has ignored demands by the minister of social development to stop lending to social grant recipients and is continuing to grant loans to some of the country’s poorest citizens. Net1 UEPS Technologies wholly owns Cash Paymaster Services (CPS), which in 2009 was awarded a tender to distribute R10bn worth of social
Seven years after it was forced by the competition authorities to abandon a deal to acquire listed IT services group Business Connexion, Telkom is back for another go. The telecommunications operator has offered BCX shareholders R6,60/share, a 20% premium over the share price at close of trade on 14 April when the company issued
Most say the same thing. They came to the US either to avoid army conscription or apartheid itself in the late 1980s. They planned to stay for just a few years, but they stayed on. A quarter century later, this small generation of South African immigrants has risen to break through, en masse, into such key leadership roles that they’re changing the US. YouTube