Browsing: Denis Smit

Telkom’s second attempt in seven years at acquiring Business Connexion (BCX), the listed IT services group, will probably get the nod from South Africa’s competition authorities, analysts believe. Telkom on Thursday announced it had made a R2,7bn all-cash offer to buy out the JSE-listed IT services company. In 2004, Telkom bid

Will Vodacom’s proposed acquisition of Neotel pass regulatory muster? That’s the question on everyone’s lips now that the mobile operator has confirmed that it is in exclusive talks with a view to buying its smaller rival, which is majority controlled by India’s Tata Communications

Despite Telkom’s tough talk about learning from its mistakes, taking hard decisions and rising like a phoenix from the ashes, investors are simply indifferent to the promises made by Africa’s largest integrated communications company. The news of a R12bn write-down in assets in Telkom’s results

The “functional separation” of Telkom’s wholesale and retail divisions, agreed to in a wide-ranging antitrust settlement announced last week, could be a precursor to the structural separation of the two divisions, analysts say. Last week, as part of a R200m settlement reached

Minister in the presidency Collins Chabane is next week expected to announce the findings of the long-awaited presidential review of state-owned enterprises and speculation is mounting that communications minister Dina Pule will be the big loser in

If newspaper reports this week are to believed, Telkom’s mobile arm, branded in the consumer market as 8ta, may be soon be merged with third mobile operator Cell C. But analysts caution it’s too early to get carried away. With cabinet yet to consider communications minister Dina Pule’s

The Electronic Communications Amendment Bill, published late last week in the Government Gazette, has proposed the creation of a Spectrum Management Agency, separate to the Independent Communications Authority of SA (Icasa), to manage scarce radio frequency spectrum

In the wake of cabinet’s rejection of KT Corp’s attempt to purchase a 20% stake in Telkom, reports now suggest the move was a precursor to the state taking full control of the company. Business Day reported on Tuesday, quoting a department of communications source, that Telkom’s delisting and renationalisation

The department of communications’ policy summit next week has generally been welcomed by analysts and industry players, who say the event is long overdue, especially in light of Africa slipping down world connectedness rankings. Communications minister Dina Pule said on Tuesday that the colloquium had been

Earlier this week, Blue Label Telecoms, the largest distributor of prepaid vouchers airtime in SA, revealed that 8ta accounts for well under 1% of its airtime revenues. Vodacom, MTN and Cell C contribute 53%, 34% and 10% respectively. There was little doubt 8ta, which was launched in 2010 after Telkom disposed of