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
The MD of Telkom’s international operations and subsidiaries, Motlatsi Nzeku, is “retiring” from the telecommunications group, effective immediately.
The controversial Nzeku was fired by former Telkom Group CEO Reuben September in 2009 for allegedly leaking internal Telkom documents to a Sunday
Telkom services in Springs on Gauteng’s East Rand have been disrupted following multiple cable theft in the area, the fixed-line operator said on Thursday. More than 1 000 corporate and residential customers have been affected. “On Wednesday, 6 June, cable thieves broke into
Government first raised the idea of a deal between Telkom and Korea’s KT Corp. So, last week’s decision by cabinet not to support the transaction comes as a surprise and a setback for the JSE-listed company and raises serious concerns for shareholders and
Telkom has launched a mobile application for tablet computers that allows people to review its financial data. Called the Telkom Financial Reports App, the application is available for tablets running Google’s Android and Apple’s iOS operating systems and is free to download and use. The app was designed and
Less than a week after cabinet said it would not support a proposed deal to sell 20% of Telkom’s equity to Korea’s KT Corp, deputy president Kgalema Motlanthe has told delegates at the inaugural ICT Indaba in Cape Town that SA can learn from the Asian economic powerhouse
Telkom has warned shareholders that it expects its results for the 2012 financial year, ended 31 March, to reflect a sharp decline in both basic and headline earnings. According to a statement published on the JSE’s Sens news service on Monday afternoon, the telecommunications group
The claim by the department of communications that it rejected the R3,3bn Telkom deal because it ran counter to its plan to “improve access to information and communications technology services” does not stand up to scrutiny. Cabinet, and indeed communications minister Dina Pule, must stop
The past few years have been significant for Telkom. The market has shifted significantly and, after a slew of CEOs, it appears Nombulelo Moholi and her management team are getting things back on track. The advances of a company as big and successful
