There appears to be no stopping the rise in Telkom’s share price. The counter added nearly 5% on Thursday, to close near the R40 mark. It’s now flirting with levels last seen in 2010, after it offloaded its 50% stake in Vodacom to Vodafone and to shareholders. The share closed at R39,70, up by 4,1%, after having touched
Mobile money system M-Pesa, a service that originated in Kenya through Safaricom, in which Vodafone has a 40% stake, is making its way to Europe for the first time. The service is be introduced in Romania, reportedly the first time a mainstream mobile money service has made
Tata Communications’ plan to sell its stake in its South African subsidiary Neotel to Vodacom is being held up as communications regulator Icasa mulls whether or not to allow the transfer of radio frequency spectrum to the mobile operator. That’s according a report in The Economic Times on Monday. The Indian newspaper, quoting
Vodacom intends tabling an offer of US$460m (about R5bn) to buy Neotel, according to a report published in the Wall Street Journal on Wednesday. The newspaper, quoting an unnamed executive at India’s Tata Communications, Neotel’s holding company, said that Vodacom, which is a subsidiary of the UK’s Vodafone, will also take on Neotel’s
Text messaging may be dying out as a means of communication in many parts of the advanced world, but it may yet prove to be a vital life-saver in flood-prone African villages. An early-warning system that aims to capitalise on the explosive growth of mobile phone
The Vodafone Foundation, Vodafone’s social investments arm, has taken the wraps off Instant Network Mini, an 11kg mobile “network in a backpack” that the global mobile operator says can be deployed in just 10 minutes, helping aid workers carry out crucial
As parliament this week shines a spotlight on the cost of communications in South Africa, it has emerged that Vodacom’s high-end, all-in-one contract packages are significantly more expensive than similar products at other Vodafone-owned operations around the world. An investigation by
Telkom’s share price touched a fresh 52-week high on Monday as investors continued to pile back into the company on the expectation that it will begin to deliver on a promised turnaround in its fortunes in 2014. In intraday trading on Monday, Telkom was trading as high as
The decision five years ago to sell Telkom’s 50% stake in Vodacom is “recognised as one of the company’s biggest mistakes”, says chief strategy officer Miriam Altman. But Telkom can’t afford to dwell on the past and needs to focus on building its core fixed-line business and finding a solution to
Telkom’s plan to “de-risk” its loss-making mobile business could lead to a transaction with rival MTN. The two operators are in sensitive discussions about a possible deal, two separate and well-placed sources have told TechCentral. It’s not clear what form a deal
