Telkom’s share price has rallied by more than 40% in less than two months, despite a run of bad news from the company. Analysts are buoyed by the change of leadership and some of the decisions taken subsequently, but suggest that without further clarity on Telkom’s long-term strategy, the stock gains may be
Israeli satellite and fibre telecommunications provider Gilat is stepping up its focus on fibre-optic infrastructure in Africa and plans to establish a Johannesburg office early next year. The company continues to increase the scope and scale of its operations on the continent through
Telkom is increasing fixed-line telephony charges and hiking the cost of line rental, despite the continued fall in the number of lines in service as consumers switch to mobile alternatives. The telecommunications operator is, however, leaving broadband subscription fees unchanged. Telkom claims the
For years, Telkom has been like a frog in slowly warming water. It’s kept broadband prices far too high while watching on puzzled as its subscribers abandoned it in favour of mobile alternatives. It has a high cost structure – mainly because it has too many employees – but consumers don’t care about its challenges. And
Telkom has begun testing fibre-to-the-home and fibre-to-the-business services as part of what it’s calling a “technical proof of concept”. The tests are part of the company’s multibillion-rand project to refresh of its access network into homes and businesses as it moves to offer much faster fixed-line broadband to its customers
Despite Telkom’s tough talk about learning from its mistakes, taking hard decisions and rising like a phoenix from the ashes, investors are simply indifferent to the promises made by Africa’s largest integrated communications company. The news of a R12bn write-down in assets in Telkom’s results
Thousands of business and residential customers in Randburg, Johannesburg area have been left without fixed-line telephone and broadband services following cable theft in the area. It’s the second time in two weeks that cable theft has disrupted services in this high-density business region
Telkom has accused the former MD of its international business unit, Thami Msimango, and well-known businessman Mthunzi Mdwaba of violating South Africa’s anticorruption laws over an agreement involving former subsidiary Multi-Links and JSE-listed Blue Label Telecoms. The allegations
The “functional separation” of Telkom’s wholesale and retail divisions, agreed to in a wide-ranging antitrust settlement announced last week, could be a precursor to the structural separation of the two divisions, analysts say. Last week, as part of a R200m settlement reached
Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report said on Tuesday. The restructuring came at a time when the telecommunications company ramped up its bid to cut costs and position itself to compete in a cut-throat market. According
