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
Browsing: Nombulelo Moholi
The MD of Telkom’s international operations and subsidiaries, Motlatsi Nzeku, is “retiring” from the telecommunications group, effective immediately.
The controversial Nzeku was fired by former Telkom Group CEO Reuben September in 2009 for allegedly leaking internal Telkom documents to a Sunday
Government first raised the idea of a deal between Telkom and Korea’s KT Corp. So, last week’s decision by cabinet not to support the transaction comes as a surprise and a setback for the JSE-listed company and raises serious concerns for shareholders and
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
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
Telkom has been dealt a giant blow by government after cabinet rejected the fixed-line operator’s plan to sell 20% of its equity to Korean telecommunications giant KT Corp. The news will come as a blow to Telkom’s management team and its CEO, Numbulelo Moholi
Relations between Chinese telecommunications equipment manufacturer ZTE and local partner ZTE Mzanzi appear to have broken down irretrievably. TechCentral has established that ZTE has cancelled its partnership agreement with Mzanzi, in which it has a 40% stake, prompting the latter to file a court papers
Chinese networking equipment manufacturer ZTE is taking ZTE Mzanzi, an SA company in which it has a minority equity stake, to the high court in Pretoria in an effort to have an interdict the latter company won against Telkom overturned. ZTE Mzanzi, led by Tumi Magasa, won the interim court interdict at the end of March, preventing
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 management team failed to follow internal tender procedures and is to blame for a court interdict on Friday that prevents it from continuing with work to improve its access network into homes and businesses. This is the allegation levelled against the operator by networking equipment vendor ZTE Mzanzi, a joint venture between China’s ZTE and local black empowerment