Telkom’s share price was down by nearly 6% in late afternoon trading on the JSE on Friday after it announced that government would not support its proposed plan to sell 20% of its equity to Korea’s KT Corp under the terms put forward. The share has declined to levels last
Browsing: Telkom
Telkom has been dealt a giant blow by government after cabinet rejected the fixed-line operator’s plan to sell 20% of its equity to Korean telecommunications giant KT Corp. The news will come as a blow to Telkom’s management team and its CEO, Numbulelo Moholi
Telkom has expressed “great concern” about copper theft after customers in parts of Randburg, Johannesburg were without service again this week, for the second time this month, after thieves made off with cables. More than 1 600 business and residential customers have been affected in the Randburg suburbs
SA’s Internet economy contributes 2% to SA’s gross domestic product and this figure is rising by about 0,1 percentage points each year, meaning it may reach 2,5% by 2016. The total value of SA’s Internet economy in 2011 was R59bn. This is according to a report titled “Internet Matters
TalkCentral is back for another episode. This week, your hosts Duncan McLeod and Craig Wilson sit down to chat about a wide range of issues. We cover everything from Friday’s big Square Kilometre Array announcement to the battle between Cell C and Vodacom over tariffs. Also on the agenda this
Fixed-line telecommunications operator Telkom was on Wednesday granted leave to appeal by the high court in Pretoria in a case brought against it by ZTE Mzanzi. A court interdict preventing it from continuing with work on a multibillion-rand project to modernise its access network into homes and businesses
In what could be a landmark decision for SA’s telecommunications sector, and for consumers, the Independent Communications Authority of SA’s (Icasa’s) complaints and compliance committee on Friday appeared to open the door for Neotel to gain access to Telkom’s “last-mile” copper network. A written decision
Telkom and Neotel resumed their fight over local-loop unbundling (LLU) on Wednesday, with the smaller operator arguing to the Independent Communications Authority of SA (Icasa) that it is entitled to gain access to its bigger rival’s last-mile network into
Telkom is inching closer to a deal to sell 20% of its equity to Korea’s KT Corp. Though the foreign direct investment in SA’s economy should be welcomed, there are potential pitfalls government must be careful to avoid. Last week, Telkom announced to
A planned deal between Telkom and Korean telecommunications company KT Corp may benefit employees, trade union Solidarity said on Tuesday. “In Korea, KT focuses on creating a flexible working environment for its employees through flexitime, flexi workplaces and ‘virtual