Naspers leaps on Tencent numbers
Media and technology group Naspers’s share price touched fresh record highs on Wednesday after China’s largest Internet company, Tencent, in which it holds a 34% stake, beat analysts’ expectations in the first quarter. According to Bloomberg, net income of just over 4 billion
Could Naspers buy Telkom?
Six months after Sprint announced it was in talks to sell 70% of its equity to Japan’s SoftBank for US$20bn, Dish Network Corp, a US direct-to-home satellite pay-TV operator with 14m subscribers, has put in a bid of $25,5bn to buy the wireless communications firm. It’s a move
Seacom service restored
Seacom has restored services for most of its customers across Southern Africa and East Africa, it said on Tuesday. This comes four days after several cable systems, including Seacom’s, were cut in the Mediterranean Sea. The company, whose cable system runs from
Telkom, commission drop fine appeals
Telkom and the Competition Commission have dropped their separate applications to the competition appeal court related to last year’s decision by the Competition Tribunal to hand down a R449m fine on the telecommunications operator for past anticompetitive abuses. Competition Commission
Think of Telkom’s users
News last week that the Competition Commission is in early-stage talks with Telkom with a view to possibly reaching a settlement ahead of the tribunal hearings should be welcomed if the outcome benefits consumers. The tribunal hearings relate to a broad complaint brought by industry players against
Telkom in antitrust settlement talks
The Competition Commission has entered into talks with Telkom with a view potentially to resolving a second broad-ranging investigation against the fixed-line operator outside of the process of formal competition hearings. The move comes just months after the Competition Tribunal
MWeb, Telkom reveal VDSL pricing
Consumers who have been looking forward to Telkom’s new 20Mbit/s and 40Mbit/s digital subscriber line (DSL) broadband products are going to have to dig deep for access to the ultra-high-speed network. Prices from the country’s
MWeb hits back with new DSL tariffs
In response to the announcement by Telkom last week that its Internet service provider subsidiary, Telkom Internet, was slashing the cost of both consumer and business uncapped digital subscriber line (DSL) broadband data, rival MWeb has hit back with new packages and lower tariffs that undercut Telkom’s
MWeb vows to hit back at Telkom
MWeb, the Internet service provider owned by media group Naspers, is assessing Telkom Internet’s dramatic broadband price reductions, announced on Thursday, and has told TechCentral it will respond with product announcements of its own early next week. This comes after
Telkom declares broadband price war
Telkom has historically been a follower when it comes to cutting broadband prices, but the fixed-line operator looks determined to lead the charge in 2013 with aggressive price cuts from its Internet service provider (ISP) business, Telkom Internet, whose new uncapped consumer broadband prices
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