Telkom, for many years shunned by both institutional and retail investors, appears to have shed its poor image in the investment community, with the market rushing to snap up its shares on the expectation of a significant turnaround in its fortunes. The share price was trading up by more than 6% in lunchtime trading on the JSE on Tuesday
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Business Connexion (BCX) shareholders will next week vote on whether to accept Telkom’s R2,7bn all-cash offer to buy them out. But the deal looks set to pass, with Telkom saying on Tuesday that 80% of shareholders have given their written undertaking to support the proposed deal. The meeting, which will take place on Monday
The disciplinary hearing involving suspended Telkom chief financial officer, Jacques Schindehütte will resume on 6 August 2014. The company said in a statement that this follows a long adjournment agreed to by both parties
JSE-listed IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, although the company has admitted it could be delayed if the transaction is challenged
The total remuneration bill for Telkom’s executive and nonexecutive directors as well as its prescribed officers has declined between the 2013 and 2014, the telecommunications group’s latest annual report, published
Telkom CEO Sipho Maseko is under investigation after being implicated in an alleged car licensing cloning case, the City of Johannesburg said on Friday. “Whatever is happening in terms of allegations about him [Maseko] being on the wrong side of the law is being investigated by the Johannesburg metro police department
Residents of another upmarket Johannesburg suburb have kick-started the process of building a fibre-to-the-home (FTTH) network in their neighbourhood. Parkview has signalled plans to follow the example of nearby Parkhurst, which has taken an early lead in building FTTH. “We have fast fibre-optic
Former Telkom acting CEO and Cell C CEO Jeffrey Hedberg has been appointed as the new CEO of Mobilink, one of Pakistan’s largest mobile operators, parent company VimpelCom said in a statement on Friday. Hedberg succeeds Rashid Khan, who has decided to retire after almost 15 years in management positions
Telkom has suspended its current restructuring and retrenchment process following an agreement with trade union Solidarity on Thursday, the trade union said. “This includes halting the process wherein Telkom intended to use race as a criterion for layoffs,” telecommunications spokesman Marius
Bell Labs, the research and development arm of Alcatel-Lucent, announced this week that it has developed a prototype technology, called XG-Fast, which it used to transmit speeds of up to 10Gbit/s over traditional copper phone lines. The technology, which is expected to be launched commercially