Seven years after it was forced by the competition authorities to abandon a deal to acquire listed IT services group Business Connexion, Telkom is back for another go. The telecommunications operator has offered BCX shareholders R6,60/share, a 20% premium over the share price at close of trade on 14 April when the company issued
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Delays by government in creating a policy for the licensing of additional spectrum needed to build next-generation mobile broadband networks forced Vodacom into making an offer to buy rival telecommunications operator Neotel. Vodacom CEO Shameel Joosub says mobile
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
The “last mile” fixed-line infrastructure into people homes in South Africa is “awful” and is holding back competition in South Africa’s television broadcasting industry by preventing Internet protocol television and video-on-demand players from launching services
Two weeks ago, Icasa provisionally awarded licences to five new subscription television broadcasters. It hopes the move will help crack open what has become a highly concentrated market that is now thoroughly dominated by one operator, MultiChoice. The communications regulator will be hoping that it is more successful in this
Telkom has pulled the plug on an invitation for interested bidders to apply to partner the fixed-line telecommunications operator in providing video-on-demand (VOD) services to its customers. It now tells TechCentral that it intends reissuing the tender. The new tender “will be based
British telecommunications giant BT has named former IBM sub-Saharan Africa GM Oliver Fortuin as its new MD following the resignation of Keith Matthews. Fortuin, who was also a former GM of IBM’s PC Company in Africa, takes the top job at BT with immediate effect. Most recently, Fortuin, who has an MBA from Open University
Should we be worried about Cell C? Despite a recent high court ruling that was at least partly in the mobile operator’s favour, noises coming out of the company aren’t exactly painting a rosy picture. There are several reasons for concern, chief among them the ability of the company to engage in a protracted price war while ensuring it
The controversial e-rate, where public schools pay only 50% for Internet access, is being expanded to include independent schools, public and private colleges, higher education institutions, further education and training bodies, and public health establishments. The changes are included in the Electronic Communications Amendment
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