Telkom on Wednesday denied speculation in the media that it has received a proposal from a Southeast Asian company or grouping for the sale of its mobile towers business in a deal that reportedly could be valued at as much as US$3bn. On Tuesday, a report on the
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Telkom’s share price climbed marginally on the JSE on Tuesday after a report overnight suggested it may be in discussions with an investment group from Southeast Asia that may be prepared to invest up to US$3bn into the operator’s struggling mobile division. According to a
The disciplinary hearing involving suspended Telkom chief financial officer Jacques Schindehütte will begin in Johannesburg tomorrow, Thursday, the telecommunications operator has said in a statement. “This disciplinary hearing is the outcome of a process that
Suspended Telkom chief financial officer Jacques Schindehütte has a “fiduciary duty” to repay R6m he was loaned by the company so that he could buy shares. The telecommunications operator says in a statement that the loan was granted in a manner that
Telkom’s share price touched a fresh 52-week high on Monday as investors continued to pile back into the company on the expectation that it will begin to deliver on a promised turnaround in its fortunes in 2014. In intraday trading on Monday, Telkom was trading as high as
The Democratic Alliance will break up the SABC into various commercial entities and sell these to the highest bidder should it be elected to national government after the 2014 general election. The plan to privatise the SABC’s assets is contained in the DA’s policy on information and
Last year proved to be a little quiet on the technology front. Internationally, there were few major developments, at least in consumer electronics. Manufacturers continued to refine their televisions, smartphones, notebooks and tablets rather than cracking
Telkom has held talks with a range of media companies, including America’s Netflix and Comcast, as it looks to build a video-on-demand service on its fixed-line broadband infrastructure in South Africa, its CEO, Sipho Maseko, has been quoted as saying
Telkom has sold its pan-African business, iWayAfrica and Africa Online Mauritius, in a private sale to Gondwana International Networks for an undisclosed sum. The fixed-line telecommunications operator has described the business as an “immaterial” part
Here they are, TechCentral’s South African Newsmakers of 2013. These are the individuals, in ascending order from five to one, who we believe were the most newsworthy in the technology and telecommunications space this year, for good reasons and bad