Former Telkom CEO Reuben September’s ghost loomed large over the parastatal this week with the announcement that the fixed-line operator has lost R9,8bn because of its failed investment in Nigerian business Multi-Links. To put this loss into perspective, Telkom’s
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Someone once said that a “successful company is one that lays a firm foundation with the bricks others have thrown at them”. With that in mind, I do not believe it’s too late for Telkom. Recently, Vodacom Group CEO Pieter Uys
Telkom has pulled the plug on a plan to sell the wireless division of its Nigerian subsidiary, Multi-Links, to Visafone for US$52m and will stop funding the operation with immediate effect. Liquidation may follow. The decision to
JSE-listed Blue Label Telecoms said on Monday it has decided to terminate its business activities in Nigeria. This follows the cancellation of a contract in that country with Telkom subsidiary Multi-Links. Blue Label co-CEO Mark Levy says the decision will allow it
Telkom announced on Monday that it will offer a variety of converged voice and data packages to consumers under the name Telkom Mix in coming months. The first offering under Telkom Mix brand includes a BlackBerry Curve 8520 with
Local-loop unbundling poses a “major risk” to Telkom, says its group CEO, Nombulelo Moholi. Unbundling will allow rival operators access to Telkom’s last mile of copper-cable infrastructure in businesses and homes. Moholi says
Telkom’s new CEO, Nombulelo Moholi, has called on industry regulator, the Independent Communications Authority of SA (Icasa), to review the need for the company to be subject to retail price controls. She argues the market is now
Telkom has grown the number of fixed-line broadband subscribers on its network by 16,1%. At the end of March, it had 751 625 asymmetric digital subscriber line (ADSL) subscribers, up from 647 462 a year earlier. However, the company’s share of
Telecommunications operator Telkom has increased its full-year dividend by 16%, from 125c/share to 145c/share, despite turning in disappointing financial results in the 12 months to 31 March 2011. “The ordinary dividend has been calculated
SA’s fourth mobile network operator, 8ta, had 473 604 active subscribers on its books at the end of March 2011, its parent Telkom has disclosed. Of those, the vast majority — 440 775 — are prepaid subscribers. The company had 32 829 contract