President Cyril Ramaphosa has directed the Special Investing Unit to probe various dealings that took place at Telkom going as far back as June 2006.
South Africa’s Echo Service Provider has reached a deal to merge with the Internet service provider operations of Gondwana International Networks in markets across Africa.
Korea’s KT Corp appears once again to be in discussions with Telkom, this time over the sale of the partially privatised South African telecommunications operator’s Internet service provider assets elsewhere in Africa. According to a report in Korea IT Times
As expected, Telkom has turned in a weak set of financial results for the year ended March 2012. Headline earnings per share have slumped by 33% to 324,7c, with the number of fixed lines in service falling below 4m for the first time in decades. As a result, the group’s board has decided not to pay a
Telkom’s start-up mobile unit continues to bleed red ink across the telecommunications group’s income statement. The unit, which operates under the 8ta branding in the consumer market,will turn in a R2,2bn loss before interest, tax, depreciation and amortisation in the year to end-March 2012. The operator expects basic earnings
Telkom on Monday revealed it is considering buying information and communications technology (ICT) assets as it seeks to bolster its presence in the business technology market. In slides accompanying the group’s interim results for the six months to the end of September 2011
Problems in its African operations outside SA, increasing competition and regulatory pressures have conspired to knock Telkom’s earnings in the six months to the end of September 2011, the telecommunications group has warned shareholders. Basic