Browsing: KT Corp

News
KT deal blocked, but Motlanthe praises Korea

Less than a week after cabinet said it would not support a proposed deal to sell 20% of Telkom’s equity to Korea’s KT Corp, deputy president Kgalema Motlanthe has told delegates at the inaugural ICT Indaba in Cape Town that SA can learn from the Asian economic powerhouse

News
Telkom warns of sharply lower earnings

Telkom has warned shareholders that it expects its results for the 2012 financial year, ended 31 March, to reflect a sharp decline in both basic and headline earnings. According to a statement published on the JSE’s Sens news service on Monday afternoon, the telecommunications group

Marian Shinn
Cabinet’s Telkom decision will cost jobs

The claim by the department of communications that it rejected the R3,3bn Telkom deal because it ran counter to its plan to “improve access to information and communications technology services” does not stand up to scrutiny. Cabinet, and indeed communications minister Dina Pule, must stop

Opinion
Cabinet right to can KT deal

The past few years have been significant for Telkom. The market has shifted significantly and, after a slew of CEOs, it appears Nombulelo Moholi and her management team are getting things back on track. The advances of a company as big and successful

News
Telkom share pummelled on KT news

Telkom’s share price was down by nearly 6% in late afternoon trading on the JSE on Friday after it announced that government would not support its proposed plan to sell 20% of its equity to Korea’s KT Corp under the terms put forward. The share has declined to levels last

Duncan McLeod
Telkom and KT: proceed with caution

Telkom is inching closer to a deal to sell 20% of its equity to Korea’s KT Corp. Though the foreign direct investment in SA’s economy should be welcomed, there are potential pitfalls government must be careful to avoid. Last week, Telkom announced to

News
Union welcomes KT stake in Telkom

A planned deal between Telkom and Korean telecommunications company KT Corp may benefit employees, trade union Solidarity said on Tuesday. “In Korea, KT focuses on creating a flexible working environment for its employees through flexitime, flexi workplaces and ‘virtual

News
Pule, Shinn clash in parliament

Communications minister Dina Pule and shadow minister Marian Shinn clashed in parliament on Tuesday over government policies in the information and communications technology (ICT) industry and a recent department of communications colloquium that discussed

News
KT cuts offer price for Telkom stake

Korea’s KT Corp has made a formal offer to purchase 20% of Telkom. However, it’s offering a significantly reduced price for the stake because of a sharp fall in the value of the shares of the JSE-listed telecommunications group since talks began in October last year. KT Corp is offering R25,60/share, down by nearly

News
Telkom, Koreans closer to a deal

Telkom is inching closer to a deal with Korea’s KT Corp, the JSE-listed fixed-line operator told shareholders on Wednesday. The operator once again renewed a cautionary notice to shareholders about the talks, which it first revealed in October 2011. According to a new statement from Telkom, the two companies have

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