Telkom on Monday renewed a “cautionary notice” to investors, saying it remains in exclusive talks with a preferred bidder.
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The Special Investigating Unit and Telkom were in court again on Monday.
MTN South Africa has blasted rival Telkom’s call for a delay to Icasa’s next broadband spectrum auction.
Telkom has signed a number of agreements with Google that have secured it a revenue pipeline of nearly R1-billion.
Telkom has asked Icasa to postpone its next spectrum auction until 2025 because it’s worried it can’t afford to participate.
Telkom, which has already turned off its 2G network, will likely switch off 3G services soon, too.
Telkom is engaged in “exclusive negotiations” with a preferred bidder regarding the sale of Swiftnet.
Telkom on Tuesday reported a 46.7% jump in half-year profit, boosted by lower depreciation charges.
Telkom shares jumped 8% early on Wednesday after the group surprised with an upbeat earnings forecast.
Telkom has appointed Transnet’s Nonkululeko Dlamini as its new group chief financial officer with effect from 1 December.