Telkom’s past indiscretions are coming back to haunt it. The JSE-listed telecommunications operator has warned shareholders that it expects headline earnings per share from continuing operations for the six month to 30 September 2012 to be at least 65% lower than the same period in 2011. At the
Browsing: competition tribunal
Not only is Telkom appealing against the Competition Tribunal’s ruling that found the fixed-line operator guilty of anticompetitive behaviour, but now the Competition Commission has filed “cross appeal” against sections of the tribunal’s findings and wants Telkom to face a higher penalty than the R449m the tribunal imposed on
The Competition Tribunal last week fined Telkom R449m for abusing its dominance in the telecommunications industry between 1999 and 2004. Assuming Telkom doesn’t appeal against the decision, half of the penalty is to be paid within six months of the tribunal’s decision, with the balance is payable within 12 months
Telkom’s R449m fine handed down this week for anticompetitive practices could be only the start of its problems. Senior competition lawyers are expecting a string of damages claims from its competitors. The Competition Tribunal found Telkom guilty of anticompetitive practices, which opens
The Competition Tribunal has found Telkom guilty of abusing its dominance in the telecommunications market between 1999 and 2004. The company stood accused of abusing its dominance by charging excessive prices, refusing access to an essential facility and engaging in price discrimination thereby making its downstream
The Competition Tribunal has fined Telkom R449m for abusing its dominance in the telecommunications industry over a five-year period between 1999 and 2004. “The tribunal concluded that Telkom leveraged its upstream monopoly in the facilities market to advantage its own subsidiary in the competitive value-added network
After more than eight years of investigation, Telkom’s day of reckoning has arrived. The Competition Tribunal will on Tuesday rule on allegations of anticompetitive behaviour by the incumbent fixed-line operator. If found guilty, the tribunal could impose a fine on the company of more than R1bn
The constitutional court has dismissed an application for leave to appeal lodged by the Competition Commission and Tracetec against vehicle tracking companies Altech Netstar, Matrix Vehicle Tracking and Tracker. The applicants have been ordered to pay costs. In 2005, Tracetec lodged a complaint
The Competition Tribunal heard closing arguments this week in the Competition Commission’s case against Telkom. The tribunal now has to decide whether the company is to be fined and, if so, what sort of penalty is fitting. If the tribunal imposes a hefty sentence, Telkom has a number of legal options
Tim Wyatt-Gunning, previously joint CEO of telecommunications company Storm and now CEO of Internet service provider Web Africa, says Telkom should be handed a hefty fine by the Competition Tribunal and that it has by no means reformed its ways as it claims. Storm was one of the companies that lodged