Nearly 2 400 employees’ applications for voluntary severance packages have been accepted by telecommunications operator Telkom, a trade union said on Thursday. According to Solidarity
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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
In a positive development for Cell C, ratings agency Standard & Poor’s (S&P) has removed the mobile operator from its watch list for a possible downgrade. This comes, S&P said in a note, after Cell C
Telkom will open its telecommunications exchanges to Internet service providers using an open-access model in an effort to stimulate demand for fixed-line broadband in South Africa. “To further stimulate access to broadband, we will make making around
Former Telkom chief financial officer Jacques Schindehütte was paid R18,8m in the company’s 2015 financial year, despite leaving its employ last August, just five months into 2015 reporting period. In the year ended 31 March 2015, during which time
Executives at Telkom are taking home higher pay, while its lower level employees face job cuts and possible salary freezes. For the financial year to 31 March 2015, CEO Sipho Maseko’s total remuneration jumped to R12,3m from R11,7m in 2014, according to
Just when everyone thought the price war among Internet service providers had petered out, MWeb, one of South Africa’s largest service providers, has chopped the price of five of its capped broadband ADSL products and nine of its fibre-to-the-home
Radically improving MTN’s customer service, aggressively growing the company’s top line – in part by taking market share from bigger rival Vodacom – expanding into business services, and building
Despite union objections, Telkom has announced it is extending voluntary severance and early retirement packages to all employees, including those that belong to trade unions. The decision to offer packages to all staff, included unionised