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.
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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.
Miriam Altman, a commissioner on the National Planning Commission, joins TechCentral editor Duncan McLeod for a discussion on the Covid-19 lockdown, its impact, and how to save the economy.
Telkom will delay the publication of its annual results by almost a month as the group will be unable to finalise these by 25 May, as previously anticipated, as a result of the national lockdown.
Podcast | Openserve CEO Althon Beukes spoke to TechCentral on Thursday about why, after so many years of agitation from consumers, Telkom has finally decided to offer “naked ADSL”.
Telkom is introducing a new wholesale product for ISPs that will mean consumers can directly obtain a broadband service from their ISP and will no longer be required to buy a copper line from Telkom’s retail division.
Telkom’s wholesale division, Openserve, has become the latest fixed broadband infrastructure provider to increase line speeds for some customers as a result of the Covid-19 crisis.
Icasa has refused to budge on its decision to “expropriate” a portion of Telkom’s spectrum assets, describing the allegations made by the telecommunications operator as “spurious”.