Icasa said late on Friday that it is nearing a “settlement breakthrough” with telecommunications operators that will allow a planned spectrum auction to proceed.
President Cyril Ramaphosa hit out at telecommunications companies for bringing legal action against plans to issue more broadband spectrum, urging them to resolve the matter.
Communications regulator Icasa on Thursday decided to extend the emergency allocation of temporary spectrum under the Covid-19 state of disaster regulations until the end of August.
Telkom is open to reaching an out-of-court settlement with communications regulator Icasa over the spectrum auction, though little progress has been made in any talks.
The number of copper fixed lines in service at Telkom has plunged yet again. At the end of March, the company had fewer than 1.3 million customers using copper, down 20% from 1.6 million a year ago.
Investors pushed Telkom’s share price more than 5% higher on Tuesday morning after the telecoms operator said it would report a bounce in full-year headline earnings.