Santie Botha and Khanyisile Kweyama are stepping down from the board of Telkom, while Alphonzo Samuels will join the board along with Herman Singh.
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Telkom on Thursday rubbished market talk that it plans to do a right issue to fund its participation in the upcoming spectrum auction to be led by communications regulator Icasa.
Telkom has launched what is, for most users, effectively an uncapped mobile broadband product, offering a terabyte per month of data, for R999.
Ten years after it launched its first mobile offering in the form of 8ta, Telkom has surpassed Cell C to become South Africa’s third largest mobile operator by subscriber numbers.
The high court in Pretoria has handed a significant and potentially ground-breaking legal defeat to Telkom, and victory to Vodacom, over the use of the former’s ducts used to carry broadband cables.
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
MTN South Africa is feeling the impact of the lost revenue from former roaming partner Telkom, with the company’s service revenue declining by 2.5% year on year despite a strong operational performance.
Telkom Financial Services managing executive Sibusiso Ngwenya joins the TechCentral podcast to unpack the news at the weekend that the company is launching a range of financial services products.
Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
Telkom is stepping up plans to remove copper from its network and will no longer offer copper-based digital subscriber line services in areas where it has deployed fibre.