Telkom’s plan to sell a stake in its business to KT Corp (formerly Korea Telecom) and to form a strategic venture with the Korean company appears to be progressing well. The JSE-listed fixed-line operator said on Monday the two companies had signed a memorandum of understanding
Browsing: Korea Telecom
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
Though he’s been widely praised for firing two of his ministers this week, President Jacob Zuma’s cabinet reshuffle has ruffled the technology industry. There are fears that redeploying communications minister Roy Padayachie will delay crucial projects. Padayachie, in the job
The Communication Workers Union (CWU) says it is wary of news that KT Corp (formerly Korea Telecom), is in talks with Telkom about acquiring 20% of the company’s equity and is unimpressed that it wasn’t consulted about the discussions. “We are always sceptical
Don’t blame Telkom for using its monopoly to strangle the local Internet sector — the government allowed it to. This seems to be a recurring theme in Telkom’s defence of its rapacious pricing being heard by the Competition Tribunal. The telecommunications giant stands accused
Building fibre-to-the-home networks in SA makes sense, especially when these networks are built in dense urban areas. That’s the view of a senior executive at KT Corp (formerly Korea Telecom), which is in talks to buy 20% of Telkom. A small team
Trade union federation Cosatu has come out against the further privatisation of Telkom through a possible shares acquisition by a Korean company. The deal would not benefit ordinary citizens, Cosatu said. “Telkom stands out as an example of what can go wrong in
If Korea’s KT Corp (formerly Korea Telecom) were to take a 20% stake in Telkom, it would on balance be a positive development for the JSE-listed telecommunications operator, analysts polled by TechCentral said on Friday. Telkom told shareholders on Friday morning before the
Telkom said on Friday it was in talks about selling 20% of its equity to Korea’s telecommunications giant KT Corp (formerly Korea Telecom). But what is KT Corp? KT is Korea’s largest provider of fixed and mobile telephone services, and high-speed broadband fibre-to-the-home services
Telkom is in talks to sell 20% of its equity to Korea Telecom, the JSE-listed telecommunications group told shareholders on Friday. “Shareholders of Telkom are advised that Telkom and [Korea Telecom] have entered into discussions regarding a potential