Search Results: Telkom (2971)

Telkom has decided to hit pause on dividend pay-outs for longer than expected as it battles tough market conditions.

Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.

A possible bid by a consortium that includes former CEO Sipho Maseko to buy a stake in Telkom is still at an exploratory stage.

But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.

Telkom shares rose as much as 8.9% on Monday morning after a report said Sipho Maseko is spearheading a possible bid to buy 35% of the group.

The PIC is backing a possible bid led by the former chief executive of Telkom for a 35% stake in the company, sources said.

Following Telkom’s shock profit warning last week, could MTN make another bid for the company?

Telkom has warned of a sharp decline in earnings for its financial year ended March 2023, sending its shares over a cliff.

Telkom has kicked off the sale of a stake in its fibre business, as it seeks to unlock value for shareholders and boost profit.

Telkom has appointed Geoffrey Qhena is an independent non-executive director and chairman of the board.