Telkom goes after former boss
Telkom has accused the former MD of its international business unit, Thami Msimango, and well-known businessman Mthunzi Mdwaba of violating South Africa’s anticorruption laws over an agreement involving former subsidiary Multi-Links and JSE-listed Blue Label Telecoms. The allegations
What separation means at Telkom
The “functional separation” of Telkom’s wholesale and retail divisions, agreed to in a wide-ranging antitrust settlement announced last week, could be a precursor to the structural separation of the two divisions, analysts say. Last week, as part of a R200m settlement reached
Telkom may sell assets – report
Potential job cuts and the disposal of money-losing assets is looming at Telkom, Business Report said on Tuesday. The restructuring came at a time when the telecommunications company ramped up its bid to cut costs and position itself to compete in a cut-throat market. According
Telkom in sweeping antitrust settlement
Telkom has agreed to pay a R200m penalty, to functionally separate its retail and wholesale divisions, to adhere to pricing commitments for the next five years, and to allow its future conduct to be monitored. This all forms part of a settlement with the Competition Commission over anticompetitive abuses
Telkom slaps R5bn suit on Blue Label
The fallout from Telkom’s disastrous Nigeria investment continues. The JSE-listed telecommunications group revealed on Friday in its annual results that it has issued a summons on the listed Blue Label Telecoms, subsidiaries of the company, as well as on a former executive of Telkom claiming an amount
Telkom sheds more fixed lines
The number of fixed lines in service in South Africa continues to tumble, falling to levels last seen at the advent of democracy in South Africa almost 20 years ago. The figure has fallen to just 3,8m after falling through 4m a year ago, Telkom revealed in its annual results, published on Friday morning. The
LLU will ‘damage’ Telkom – Pule adviser
Unbundling the local loop would lead to a damaging outcome for Telkom and would cause job losses without radically improving connectivity for most South Africans. That’s the view of Roy Kruger, technical adviser to communications minister Dina Pule, who argues that opening Telkom’s last-mile copper network
SA broadband targets ‘too low’
South Africa should be aiming higher than it is with its plans for providing universal broadband access by 2020 and may need to consider new business models. Furthermore, allowing Telkom’s rivals access to its copper network may not solve the nation’s connectivity woes. These are the views of Catherine
Telkom to take R12bn impairment hit
Telkom will impair the carrying value of its fixed-line network by R12bn, the JSE-listed telecommunications group said on Tuesday. This will reduce its net asset value from about R57/share to R34/share. Telkom said last week that it was considering the impairment
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