On paper at least, an acquisition of Cell C by Telkom makes sense. But Cell C is arguably in worse shape today than it was two years ago when Telkom tried and failed. By Hilton Tarrant.
Browsing: Sipho Maseko
Telkom CEO Sipho Maseko said communications regulator Icasa is making a grave mistake in the way it proposes to license access to the 5G-suitable 3.5GHz radio frequency spectrum band.
Telkom will terminate 2G services in March 2020, CEO Sipho Maseko said in an interview with TechCentral on Tuesday. It will be the first national operator in South Africa to do so.
Telkom issued a cautionary notice to shareholders on Tuesday saying it is in discussions in relation to a possible acquisition – and the most likely target is Cell C.
A report on Tuesday suggested China Mobile may be about to swoop to the rescue of embattled mobile operator Cell C. Telkom is also rumoured to be circling.
Communications minister Stella Ndabeni-Abrahams has criticised national treasury’s discussion document on growing South Africa’s economy, suggesting the document’s chapter on telecommunications is outdated.
Telkom CEO Sipho Maseko has launched an extraordinary attack on national treasury’s discussion paper aimed at growing South Africa’s economy, accusing the department of tossing a grenade into the telecommunications sector.
Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period.
Telkom is committed to switch off its legacy 2G network in South Africa within the next 12 to 18 months and will likely become the first mobile operator in the country to do so.
President Cyril Ramaphosa on Friday rallied to the defence of China’s Huawei, saying the company’s technology will be crucial in the roll-out of 5G mobile telecommunications infrastructure in South Africa.