Cell C parent Oger Telecom has received offers to buy its controlling 75% stake in the South African mobile telecommunications operator from six groups, it was reported on Wednesday. Business Day quoted Oger Telecom chief legal officer and
Browsing: Sipho Maseko
Telkom’s share price sank by 6,4% on Monday after the company announced it would no longer pursue a deal with rival MTN. This came after the Competition Commission said it would not support the transaction. As investors fretted about the impact
Telkom CEO Sipho Maseko has reportedly said that at the right price, the company would consider an offer to buy mobile network operator Cell C. This is according to Reuters, which quotes Maseko as saying that Cell C is an “interesting proposition”
The terms that the Competition Tribunal has imposed on Telkom and Business Connexion (BCX) over their impending merger are not an “undue burden” and the parties were happy to accept them
The Competition Tribunal has approved Telkom’s R2,7bn acquisition of IT services group Business Connexion, paving the way for the deal to be consummated, albeit with conditions attached. It’s a case of second time lucky for Telkom, whose previous attempt
A sense of doom and gloom seems to be settling over South Africa’s information and communications technology industry. Some of the pessimism is inherited from the deep structural problems afflicting
Telkom’s share price has leapt by almost 8% to R61,48 after it provided a positive quarterly update for the three months ended 30 June 2015. The quarter is the first of Telkom’s financial year, which ends in March. It said that in the three months
Telkom on Thursday confirmed that almost 2 400 employees’ applications for voluntary severance and early retirement packages have been accepted by the telecommunications operator. Most of these employees will leave Telkom today, Friday. A total of 2 393 people
Telkom CEO Sipho Maseko has said smaller fibre providers are placing “relentless pressure” on the company’s wholesale and networks unit. This is according to an excerpt from Maseko’s strategic review in Telkom’s annual report for 2015, which
A multimillion-rand payment made to Telkom’s previously suspended chief financial officer Jacques Schindehütte has trade union Solidarity up in arms. Top executives at Telkom have seen pay hikes at the company despite the telecommunication giant’s