Shares in Telkom soared shortly after markets opened in Johannesburg on Friday as investors took cheer from the fact that the it won’t be burdened with rival Cell C’s debt problems.
Browsing: Telkom
Remgro-controlled CIVH is quietly becoming a serious player in South Africa’s telecoms landscape – one that has the potential, if it executes well on its plans, to become a major contender in a rapidly shifting sector.
Shares in Telkom continued their sharp downward slide on Thursday, flirting with levels last seen more than two years ago, as investors digested the group’s recent interim results and its complicated attempt to buy Cell C.
Telkom on Tuesday rubbished talk among some JSE traders that it is planning a hostile bid for Cell C.
The share price of Telkom tumbled on Monday morning while Blue Label Telecoms rose after MTN South Africa and Cell C announced they had signed a massively expanded roaming deal.
Telkom said that it expects that the “parties involved” will have considered the newly announced, much-expanded roaming agreement between Cell C and MTN South Africa “in the context of the discussions with Telkom”.
MTN South Africa and Cell C have signed a comprehensive new roaming deal, potentially making it more complicated for Telkom to pursue an acquisition of Cell C.
Telkom on Friday informed investors that it is pursuing an acquisition of Cell C. So, why didn’t Telkom just say so in the first place? By Duncan McLeod.
Telkom on Friday confirmed what everyone already knows: that it is pursuing an acquisition of the financially troubled mobile operator Cell C.
Telkom CEO Sipho Maseko said communications regulator Icasa is making a grave mistake in the way it proposes to license access to the 5G-suitable 3.5GHz radio frequency spectrum band.