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.
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The high court in Pretoria has overturned a controversial 2019 decision by former trade & industry minister Rob Davies that gave Telkom privileged black economic empowerment status by the government.
South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister said.
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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.
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.