The question of what SA should do about Telkom has occupied many minds, especially since its proposed deal with Korea’s KT Corp was blocked by cabinet. Telkom’s management team put on a brave face after the deal was scuppered, saying the KT deal would
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Mobile operators are hacking and slashing data prices but Telkom’s fixed-line broadband and line rental fees are set to go up at the beginning of August. The operator desperately needs to cut costs, increase efficiency and attract new customers, but it’s caught in a dilemma: it needs to maintain its ground in a
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
Black-led investment firm J&J Group, together with an unnamed international telecommunications company, put forward a joint “expression of interest” to buy a controlling stake in Telkom last year, but the deal apparently fell through when Korea’s KT Corp made an offer to purchase a minority, 20% stake in
Events of the past week have shown that it’s become more urgent than ever that government sell its stake in Telkom . If it continues as a significant shareholder, it risks further undermining one of SA’s most important companies and inflicting long-term damage on SA’s economy. The opportune
The opposition Democratic Alliance has slammed cabinet for its decision not to support a proposed plan by Telkom to sell 20% of the company’s equity to Korea’s KT Corp. In a prepared speech that would have been delivered in parliament on Tuesday — it wasn’t given after opposition parties walked out in an
Telkom’s share price fell by almost 6% on Monday to R19,11 to close at its low of the day and at a fresh eight-year low as investors continued taking fright over the operator’s poor financial performance and government’s controversial decision not to support a
When in doubt, blame it on Mangaung. The ANC’s elective conference at the end of the year is definitely the dominant event on the political horizon, so much so that a botched telecommunications deal between Telkom and Korea’s KT Corp is being blamed
Telkom could win the race to be the first large telecommunications operator in SA to launch a commercial fourth-generation (4G) mobile network using long-term evolution (LTE) technology. TechCentral has established exclusively that Telkom has been working closely with Korea’s KT Corp on plans to build
Telkom CEO Nombulelo Moholi admitted that the telecommunications group had made a hash of its investments elsewhere in Africa. “A lot of the investments we made we shouldn’t have made,” she told analysts and journalists in Rosebank, Johannesburg