Korea’s KT Corp appears once again to be in discussions with Telkom, this time over the sale of the partially privatised South African telecommunications operator’s Internet service provider assets elsewhere in Africa. According to a report in Korea IT Times
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Telkom is a shadow of the company it once was. As little as 10 years ago, it thoroughly dominated SA’s telecommunications landscape. Today, it’s not even among the top 40 companies listed on the JSE. Its market value has dwindled to such as extent that, at R7,8bn, it’s worth less than 5% of Vodacom, in which it once
United Nations agency, the International Telecommunication Union (ITU), has ranked Zimbabwe second in the “most dynamic country” category of its latest measurements of ICT development. This development is measured using the ITU’s ICT Development Index
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