Telkom’s board of directors is considering the option of impairing the carrying value of the group’s legacy networks. A non-cash impairment charge may follow if the board decides to do this, Telkom says. This would not affect the significant cash flow it generated from its
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Telkom is acting in bad faith by withdrawing a revised wage offer while unions are still considering it, trade union Solidarity said on Tuesday. Last week, Telkom presented a revised offer to unions after a wage dispute had been referred to the Commission for Conciliation, Mediation & Arbitration (CCMA), said Solidarity
Neotel will launch a fourth-generation (4G) telecommunications network using long-term evolution (LTE) technology in Gauteng in the third quarter of the year, the company said at a press conference on Wednesday. However, the network will be limited in scope, with only 50 base stations at launch, CEO Sunil Joshi
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Telkom looks set to shut down its telex network because of lack of use and ever-shrinking revenues from the ageing service. The move is expected to affect as many as 26 employees. The move comes as a long-running legal battle finally heads to the high court in Pretoria next week. Telkom is facing a
A pay dispute between Solidarity and Telkom will be taken to the Commission for Conciliation, Mediation and Arbitration, the union said on Tuesday. Spokesman Marius Croucamp said wage talks between the two parties had deadlocked. “Solidarity is demanding
Telkom has tapped a member of Trevor Manuel’s National Planning Commission as its new head of strategy. Miriam Altman will join the troubled telecommunications operator on 1 June. Altman, who will report directly to newly appointed Telkom CEO Sipho Maseko, will support
Minister in the presidency Collins Chabane is next week expected to announce the findings of the long-awaited presidential review of state-owned enterprises and speculation is mounting that communications minister Dina Pule will be the big loser in
With a potential repositioning of some of the country’s most significant parastatals in the offing, a number of ministers could lose out as key entities are placed under the ever-extending wing of public enterprises minister Malusi Gigaba. Not least of these
Whatever happened to cracking open Telkom’s last mile of copper cables into homes and businesses to rival broadband operators? The industry regulator has gone silent on the issue, leaving industry players wondering whether local-loop unbundling has quietly been shelved