IT and telecommunications shares took a pounding on Monday as a global stock market rout hammered the JSE. Big companies such as MTN and EOH were trading sharply lower as investors fled shares for safer assets
Browsing: Vodacom
Ten billion rand. That’s MTN South Africa’s capital expenditure this year. It’s a massive number. For the first year in memory (possibly ever), MTN will outspend Vodacom on capex. In the 2015 financial year, Vodacom spent R8,6bn. Now, Vodacom’s
Did the Competition Commission do the right thing in seeking to block – in the process scuppering – the network sharing deal between Telkom and MTN? On the surface, it appears it was the right move for consumers, but dig a little deeper and one has to question whether the
Vodacom CEO Shameel Joosub is clearly confident about the mobile group’s prospects. Joosub on Thursday snapped up almost R4m in Vodacom shares, according to a notice posted by the JSE on Friday morning. Joosub acquired 26 608 shares worth R3 981 678,60, the notice said
Blue Label Telecoms and retail group Edcon will develop a network of retail technology stores across South Africa. Called Edgars Connect, the companies hope to have 100 outlets opened before
Blue Label Telecoms said on Monday that Cell C has enjoyed “massive” growth in the past year, while MTN has “lost a little bit of direction”. This is according to Brett Levy, co-CEO at Blue Label, which
Telkom and MTN have decided to walk away from the deal that would have seen the former outsource management of its mobile radio access network to the latter and the two companies signing a bilateral roaming agreement. Telkom CEO Sipho Maseko said
The television entertainment industry in South Africa is in for significant disruption in the next 18 months. And couch potatoes look set to be the biggest beneficiaries as competition intensifies between traditional broadcasters and new Internet streaming providers
The National Consumer Commission (NCC) has launched a full-scale investigation into mobile networks’ price increases for contract subscribers. Major networks Vodacom and MTN announced increases to cellular contract tariffs earlier this year
Telkom CEO Sipho Maseko has reportedly said that at the right price, the company would consider an offer to buy mobile network operator Cell C. This is according to Reuters, which quotes Maseko as saying that Cell C is an “interesting proposition”