Browsing: Multi-Links

Public enterprises director-general Tshediso Matona said last week that government has made no decision about what it plans to do about the vexing question of Telkom. Ruling-party politicians are debating whether the company will remain listed on the JSE or

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

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 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

Telkom has embarked on a multibillion-rand refresh of its access network into homes and businesses. Investors will probably decry the cost of taking fibre-optic infrastructure closer to and even into homes, but group CEO Nombulelo Moholi is at least leading the fixed-line operator in the right direction

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

JSE-listed telecommunications distribution specialist Blue Label Telecoms generated R795m in cash from operating activities in the six months to 30 November 2011, helping push accumulated cash resources on its balance sheet to R2,3bn and giving the company a war chest for its offshore expansion plans

Telkom released another set of shocking financial results this week, prompting some commentators to wonder if the company is sliding into irrelevance. But behind the dismal numbers is a more positive story. It’s one of a management team, under CEO Nombulelo Moholi

African Prepaid Services Nigeria (APSN), a now-mostly-dormant company in which JSE-listed Blue Label Telecoms has an effective 37% stake, is claiming US$481m, or about R4bn at the prevailing exchange rate, in damages from Multi-Links, Telkom’s former Nigerian

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