Legal drama as ZTE pulls plug on partner
Relations between Chinese telecommunications equipment manufacturer ZTE and local partner ZTE Mzanzi appear to have broken down irretrievably. TechCentral has established that ZTE has cancelled its partnership agreement with Mzanzi, in which it has a 40% stake, prompting the latter to file a court papers
ZTE takes partner to court over Telkom interdict
Chinese networking equipment manufacturer ZTE is taking ZTE Mzanzi, an SA company in which it has a minority equity stake, to the high court in Pretoria in an effort to have an interdict the latter company won against Telkom overturned. ZTE Mzanzi, led by Tumi Magasa, won the interim court interdict at the end of March, preventing
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 ‘failed to follow its own procedures’
Telkom’s management team failed to follow internal tender procedures and is to blame for a court interdict on Friday that prevents it from continuing with work to improve its access network into homes and businesses. This is the allegation levelled against the operator by networking equipment vendor ZTE Mzanzi, a joint venture between China’s ZTE and local black empowerment
Telkom hits back at ZTE over court challenge
Telkom has hit back at ZTE Mzanzi, a networking equipment vendor that was successful in bringing an interdict against the fixed-line operator in the high court on Friday, saying the court order will delay the roll-out of its upgraded access network and ultimately harm consumers. The operator said it was “confident” that its “robust procurement policy and the process
Zim to stay on as Telkom chairman
Telkom investors will welcome news that there will be continuity on the group’s board. Chairman Lazarus Zim has been reappointed to the position and his term of office will now end on 31 August or at the group’s 2013 annual general meeting, whichever is the earlier date. Zim was appointed
Hedberg joins management exodus from Altech
Jeffrey Hedberg has resigned as Altech’s chief operating officer less than nine months after joining the JSE-listed technology group, adding to a growing exodus of top management. Hedberg, a US national who was previously acting group CEO at Telkom, was appointed to Altech
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
Tough conditions depress Telkom results
The pressure is on at Telkom. The JSE-listed telecommunications group says tougher trading conditions, growing competition, regulatory challenges and fixed-to-mobile substitution have put pressure on revenue and
Telkom pulls plug on results presentation
Questions are swirling after Telkom said this week that, for the first time since its listing on the JSE in March 2003, it will not hold a presentation to talk about its interim financial results, which are due to be published on Monday. The results presentations, held every
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