Phuthuma Nhleko, group president and CEO of JSE-listed emerging markets telecommunications group MTN, has not completely given up on the idea of concluding another big acquisition. “Though we realise there are far fewer opportunities out there, we cannot afford to be inactive because the terrain is changing all the time,” Nhleko told analysts at the group’s interim results presentation in Johannesburg on Thursday.
The strong rand has taken its toll on MTN, Africa’s largest mobile operator MTN. In the six months to 30 June, the group’s revenue has fallen 2,2% to R56bn. However, revenue would have been 12%, or R8,2bn, higher than reported if the rand had not been as strong.
Japan’s Nippon Telegraph and Telephone Corp (NTT), which is in the process of acquiring Dimension Data in a R24bn all-cash deal, should be pleased with the SA-based technology group’s latest financial results. In the three months to 30 June 2010, Didata has lifted sales by a robust 22% over the same period in 2009, boosted by a good performance from its systems integration division.
SA’s three biggest cities are all pushing ahead with ambitious fibre-optic network projects, promising businesses and even residential customers cheaper and faster broadband. The municipalities of Durban, Johannesburg and Cape Town are all pushing ahead with plans to build thousands of kilometres of fibre infrastructure as they try to drive down communication costs in their cities.
A plan by the Independent Communications Authority of SA (Icasa) to cut wholesale call termination rates may be delayed until next year, parties close to the process say. The rates, which were supposed to be cut last month as a first step on a two-year glide path down, are the fees the operators charge each other to carry calls onto their networks.
After years of investment in airport upgrades, and even entirely new international airports, Airports Company SA (Acsa) is turning its spending priorities to technology to make its airports more efficient and extend their lifespan. Acsa will spend R165m in the coming year on top of R187m spent last year.
The apparent collapse of pay-TV operator Super 5 Media is unfortunate. It means less chance of the kind of rivalry that fosters innovation and drives down prices. At the top end of the market, however, competition to DStv may come from a less obvious source. Super 5 Media, formerly known as Telkom Media, was cursed almost from the start. When Telkom, under former CEO Reuben September, decided to end its investment, the writing was already on the wall.
The Independent Communications Authority of SA (Icasa) has received a written assurance from pay-TV licensee Super 5 Media that it is still in operation. “We received a communiqué from Super 5 Media a week before last clarifying its position in relation to recent press reports,” says Icasa spokesman, Paseka Maleka.
The smartphone market is not for sissies. One moment a manufacturer has a killer product; the next thing you know it’s struggling to remain relevant. That’s the case with Nokia, the Finnish handset manufacturer that for years ruled the roost in the smartphone market with devices such as the E90, the E61 and, in our view, its best business phone ever, the E71.
Our panel this week is massive, including special guests Dustin Diaz, Erin Caton and Basheera Khan, who join Brett Haggard, Duncan McLeod, Ivo Vegter, Toby Shapshak and Simon Dingle to discuss the Tech4Africa conference, technology in Africa and the SA start-up scene, how Telkom went wrong, the Mesh Potato project, and much more