Telkom on Monday warned investors that its interim headline earnings per share will slump by as much as 55%.
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Telkom has appointed Naidene Ford-Hoon, a former chief financial officer of the Reserve Bank, to its board.
Telkom has become the fourth network operator in South Africa to launch 5G services.
Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.
Following the collapse of discussions between MTN and Telkom, Rain said it remains engaged with Telkom about a possible deal.
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned operator’s shares crashing.
Shares in Telkom plummeted more than 10% on Friday after a report suggested talks with rival MTN Group about a takeover had stalled.
MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from Rain, people familiar with the matter said.
BCX CEO Jonas Bogoshi joins Duncan McLeod in the TC|Daily studio for a wide-ranging discussion on the changes sweeping the IT services industry.
Vodacom said on Wednesday that it has broken the 2Gbit/s barrier on its 5G network, achieving a transfer speed of 2.4Gbit/s.