Telkom is committed to switch off its legacy 2G network in South Africa within the next 12 to 18 months and will likely become the first mobile operator in the country to do so.
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Jabu Mabuza, chairman of the South African power utility regarded as the biggest risk to the nation’s economy, has taken on a non-executive director role at pay-television company MultiChoice Group.
President Cyril Ramaphosa on Friday rallied to the defence of China’s Huawei, saying the company’s technology will be crucial in the roll-out of 5G mobile telecommunications infrastructure in South Africa.
Just a few years back it was one of the hottest sectors on the JSE, with large companies like EOH, BCX and Altron being staples in many portfolios. No more.
Telkom customers are no longer able to force their phones to roam away from their home network after the telecommunications operator switched roaming partners from MTN to Vodacom at the end of June.
Analysts have long criticised Telkom since its entry into the mobile market in October 2010, which hasn’t come cheap. But it’s become the company’s saving grace.
Telkom Group CEO Sipho Maseko has sold more than 112 000 shares in the telecommunications operator, bagging R10.8-million in the process.
While state-owned enterprises such as Eskom, SAA and the SABC continue to make headlines for all the wrong reasons, one (partially) state-owned company is doing quite well, thank you very much. By Duncan McLeod.
While its rivals Vodacom, MTN and Cell C struggle with flat growth in a tough economic environment, Telkom is killing it in the mobile business, showing astonishing growth in subscribers in the past year.
In this episode of the podcast, Duncan McLeod interviews Telkom Group CEO Sipho Maseko on the group’s 2019 financial results.