With rumours swirling about potential consolidation in the months ahead, Telkom CEO Sipho Maseko said his company is ready for a wave of mergers and acquisitions – should they happen.
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Telkom is looking at ways to generate more value from its mobile tower business, including a potential sale or spin-off, CEO Sipho Maseko said.
President Cyril Ramaphosa has warned of widening job losses as the effects of a shutdown to curb the spread of the coronavirus batter the economy.
Telkom has suspended its dividend policy for the next three years as it seeks to build its cash position ahead of a planned auction of radio frequency spectrum in South Africa.
The numbers are not that surprising, given that Telkom has said it is decommissioning its copper network countrywide. But the group’s 2020 fixed-line performance still makes for sobering reading.
Why does the narrative remain that some “duopoly” between Vodacom and MTN is the source of South Africa’s relatively high data prices? It’s not true. By Martin van Staden.
Telkom warned on Monday that its full-year headline earnings per share will fall by as much as 70% as a collapsing fixed-voice business, fallout from the Covid-19 pandemic and costs associated with job cuts hit hard.
The planned recapitalisation of Cell C, believed to involve the Buffet Consortium and other investors, has been finalised, though details are only expected to be made public next month, TechCentral has learnt.
Net1, the company that used to manage the payment of social grants in South Africa, has appointed former Telkom and Eskom chairman Jabu Mabuza as chairman-designate of its board.
Telkom’s retail division has slashed the price of digital subscriber line broadband services for six months as part of a promotion.