Telkom’s share price has risen sharply in the past year on optimism that the new leadership team under CEO Sipho Maseko has what it takes to turn the lumbering telecommunications giant around. Since last June, the share price has gained more than 150%. And since its low point in May last year, it has
Telkom has announced plans for a national fibre-to-the-home project targeting upmarket suburbs in Johannesburg, Pretoria, Durban and Cape Town. CEO Sipho Maseko on Friday revealed plans to roll out fibre broadband at speeds of up to 100Mbit/s. The main focus will be on
Telkom has unveiled plans to deploy high-speed 4G/LTE wireless broadband to homes across the country. The news comes after the company revealed plans to deploy fibre-to-the-home connectivity to about 20 suburbs before the end of the year. “Our commitment to deliver this roll-out
Government has backtracked on plans to have communications regulator Icasa report to the newly created department of communications, which also houses the SABC, Brand South Africa and other entities, a highly placed source with knowledge of the development has told TechCentral. Instead
Fixed lines were again the weakest link in Telkom’s annual financial results. For the year ended 31 March 2014, fixed-line data revenue went into reverse for the first time, recording a decline of 1,1%, while fixed voice and interconnection revenue fell by 7,4%. The company still managed an increase
Telkom CEO Sipho Maseko has paid tribute to the late CEO of Business Connexion (BCX), Benjamin Mophatlane, saying his death is a “great loss, not only for BCX, but for business in South Africa, the Africa region and the world”. “His zest for life and energising presence will be deeply missed,” Maseko said
Telkom’s share price has smashed through the R40/share barrier following a positive trading update released last week. It’s the first time Telkom has traded at these levels since late 2009 after the company disposed of its 50% stake in mobile operator Vodacom. The counter has been on a tear in the past year
Telkom’s proposed acquisition of Business Connexion – its second attempt to buy the listed IT services company – will create an information and communications technology (ICT) company that will “address the technology and communications needs of South African businesses nationally”. That’s according to the
Telkom will consider employment equity in its latest round of planned job cuts, which could affect more than 2 600 management-level employees, a report said on Wednesday. This means that partially state-owned and JSE-listed telecommunications operator “plans to target white, male employees when making job cuts”, according to
There appears to be no stopping the rise in Telkom’s share price. The counter added nearly 5% on Thursday, to close near the R40 mark. It’s now flirting with levels last seen in 2010, after it offloaded its 50% stake in Vodacom to Vodafone and to shareholders. The share closed at R39,70, up by 4,1%, after having touched
