The opposition Democratic Alliance has slammed cabinet for its decision not to support a proposed plan by Telkom to sell 20% of the company’s equity to Korea’s KT Corp. In a prepared speech that would have been delivered in parliament on Tuesday — it wasn’t given after opposition parties walked out in an
Benjamin Mophatlane, CEO of JSE-listed IT services group Business Connexion, has warned that SA is slipping down the information and communications technology (ICT) rankings when compared to the rest of Africa and has no clear vision or “master plan” to grow the industry. The country has failed
Telkom’s share price fell by almost 6% on Monday to R19,11 to close at its low of the day and at a fresh eight-year low as investors continued taking fright over the operator’s poor financial performance and government’s controversial decision not to support a
When in doubt, blame it on Mangaung. The ANC’s elective conference at the end of the year is definitely the dominant event on the political horizon, so much so that a botched telecommunications deal between Telkom and Korea’s KT Corp is being blamed
Telkom could win the race to be the first large telecommunications operator in SA to launch a commercial fourth-generation (4G) mobile network using long-term evolution (LTE) technology. TechCentral has established exclusively that Telkom has been working closely with Korea’s KT Corp on plans to build
Telkom CEO Nombulelo Moholi admitted that the telecommunications group had made a hash of its investments elsewhere in Africa. “A lot of the investments we made we shouldn’t have made,” she told analysts and journalists in Rosebank, Johannesburg
The primary focus of Telkom’s mobile arm, 8ta, will in future be on providing next-generation mobile broadband more than voice services, the acting CEO of the mobile unit, Jacques Schindehütte, said on Friday. Schindehütte, who is also Telkom’s
8ta, has greatly increased its subscriber numbers, but Telkom’s mobile arm continues to cost the operator billions of rand a year. The number of active 8ta mobile subscribers for the financial year ended March 2012 increased by 213,2% to 1,5m, with total subscribers now numbering slightly over 3m, 154,5% up on
In a development that must be exercising the minds of Telkom’s management team, the telecommunications operator’s revenues from data fell by 1,7% in the 2012 financial year to the end of March. Data is the fastest-growing area of the telecoms industry, so the decline in revenues is concerning
As expected, Telkom has turned in a weak set of financial results for the year ended March 2012. Headline earnings per share have slumped by 33% to 324,7c, with the number of fixed lines in service falling below 4m for the first time in decades. As a result, the group’s board has decided not to pay a
