Don’t hang up on Telkom
Telkom has embarked on a multibillion-rand refresh of its access network into homes and businesses. Investors will probably decry the cost of taking fibre-optic infrastructure closer to and even into homes, but group CEO Nombulelo Moholi is at least leading the fixed-line operator in the right direction
Telkom expects R2,2bn loss at 8ta
Telkom’s start-up mobile unit continues to bleed red ink across the telecommunications group’s income statement. The unit, which operates under the 8ta branding in the consumer market,will turn in a R2,2bn loss before interest, tax, depreciation and amortisation in the year to end-March 2012. The operator expects basic earnings
Cash-rich Blue Label eyes Mexico, India
JSE-listed telecommunications distribution specialist Blue Label Telecoms generated R795m in cash from operating activities in the six months to 30 November 2011, helping push accumulated cash resources on its balance sheet to R2,3bn and giving the company a war chest for its offshore expansion plans
Telkom’s upside
Telkom released another set of shocking financial results this week, prompting some commentators to wonder if the company is sliding into irrelevance. But behind the dismal numbers is a more positive story. It’s one of a management team, under CEO Nombulelo Moholi
Telkom faces R4bn Multi-Links damages claim
African Prepaid Services Nigeria (APSN), a now-mostly-dormant company in which JSE-listed Blue Label Telecoms has an effective 37% stake, is claiming US$481m, or about R4bn at the prevailing exchange rate, in damages from Multi-Links, Telkom’s former Nigerian
Telkom may open its chequebook
Telkom on Monday revealed it is considering buying information and communications technology (ICT) assets as it seeks to bolster its presence in the business technology market. In slides accompanying the group’s interim results for the six months to the end of September 2011
Multi-Links tears fresh R1bn hole in Telkom
Telkom’s share price fell to new multi-year lows on Thursday of below R30/share after it warned the market of poor financial performance in the six-month period ended 30 September 2011 and after it said it would take a further R1bn profit hit related to its
Telkom mired in static
Telkom investors are confused. When the telecommunications company issued its trading update at the end of last month, the surprise aspect was not the further R900m loss it incurred to get mobile operator 8ta on to its feet, nor the
Telkom warns of sharp fall in profits
Problems in its African operations outside SA, increasing competition and regulatory pressures have conspired to knock Telkom’s earnings in the six months to the end of September 2011, the telecommunications group has warned shareholders. Basic
Telkom looks to Africa again
Telkom is still keen to expand its operations elsewhere on the African continent despite the sensational failure of Multi-Links, its Nigerian business, says chairman Lazarus Zim. Zim was speaking at the group’s 2011 annual general meeting of
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