Browsing: KT Corp

News
Cabinet’s KT call ‘tragic’ – Telkom chair

Outgoing Telkom chairman Lazarus Zim on Wednesday indirectly hit out at government over its decision to block the sale of 20% of the fixed-line telecommunications operator’s equity to Korea’s KT Corp, calling the move “tragic” and a “big loss”. Speaking at Telkom’s annual general meeting in front of

News
Telkom in limbo after cabinet meeting

Uncertainty continues to surround Telkom after a cabinet meeting on Wednesday where the company’s future was meant to be debated. Communications minister Dina Pule said last week that she would present three options for the company’s future to cabinet, which is government’s highest-level

Duncan McLeod
Telkom at the crossroads

It’s all come down to this. Fifteen years after Telkom was partially privatised and nine years after it was listed on the JSE, communications minister Dina Pule was scheduled to present three options for the future of the company to President Jacob Zuma and members of his cabinet on Wednesday

News
Telkom soars ahead of cabinet meeting

Telkom’s share price was trading up by more than 5% in mid-afternoon trade on the JSE on Monday ahead of a cabinet meeting scheduled for Wednesday at which communications minister Dina Pule is expected to set out three strategic options for the fixed-line telecommunications operator. The share

News
Pule to present three Telkom options

Communications minister Dina Pule is set to present three separate options next week to cabinet on the future of Telkom. Pule’s spokesman, Siya Qoza, tells TechCentral that he is not in a position to communicate what the three options are ahead of the cabinet meeting, set for next Wednesday. The cabinet

News
Telkom loses its chairman

Lazarus Zim has resigned as Telkom’s chairman, the JSE-listed telecommunications group told shareholders on Tuesday. Zim informed Telkom’s board of directors of plans to retire as chairman and director at the end of the company’s annual general meeting scheduled for October. His resignation may be seen

News
Crunch time for Telkom

After cabinet scuppered Telkom’s plan to sell 20% of its equity to Korea’s KT Corp, it tasked communications minister Dina Pule with reporting back to it within three months about the options available to the partly state-owned company. If she’s going to meet cabinet’s deadline, Pule must report back to cabinet

In-depth
No respite for wounded Telkom

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

Craig Wilson
No respite for battered Telkom

It hasn’t been a good year for Telkom, or a good decade for that matter. The JSE-listed company’s share price is down by almost 40% since January. Cabinet has put paid to management’s plan to sell 20% of its equity to Korea’s KT Corp. The price of mobile services is falling, eroding its market share

News
Telkom tanks as talks end

Telkom’s share price touched fresh record lows on Friday after it told shareholders that its talks with Korea’s KT Corp were officially over. The counter closed down by 1,7%, reaching an all-time record low of R18,01/share at Friday’s close. In intraday

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