Telkom shareholders have taken a dim view of the telecommunications operator’s earnings update for the six months ended 30 September 2015, pushing its share price sharply lower on the JSE on Tuesday. The company earlier warned shareholders that it
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Investors are still unsure about Twitter’s prospects. The tech company’s stock dropped by 10% after reporting low user growth in its third quarter earnings report, despite seeing revenue grow by 58% compared to 2014. The firm added just 3m new users since
Korean electronics giant Samsung is leaving its smartphone rivals in South Africa in its dust, according to market research. Samsung grew its local smartphone market share to 56,6%, well ahead of Vodacom’s smartphone brands at 7,6% and Huawei (6,9%), according to
In the first bit of good news for MTN after what has been a week from hell for the JSE-listed telecommunications group, the Nigerian Communications Commission (NCC) has approved the renewal and extension of its operating spectrum licences in two key spectrum bands
Telkom has warned shareholders that it expects its headline earnings per share for the six months ended 30 September 2015 to be as much as 85% lower than the same period a year ago, though when normalised, the figure could be as much as 15% higher. The discrepancy
Africa’s biggest mobile network, MTN, could have avoided a US$5,2bn fine in Nigeria, but regulators in that country have also been harsh on the company. This is according to Dobek Pater. who is a director and analyst at telecoms, IT and media research firm Africa
The parliamentary portfolio committee on communications has expressed its concern at the budgetary management of the Independent Communications Authority of South Africa (Icasa). “In regard to Icasa, the committee noted with concern its
In a rather bizarre non-event, trading in MTN shares was suspended for a little over two hours on the JSE on Monday, pending an announcement from the company. Trading however resumed in the
The JSE has suspended trading in MTN shares with immediate effect. The halt in trading comes after the share price went on a rollercoaster ride on Monday morning following reports in the