Despite Telkom’s tough talk about learning from its mistakes, taking hard decisions and rising like a phoenix from the ashes, investors are simply indifferent to the promises made by Africa’s largest integrated communications company. The news of a R12bn write-down in assets in Telkom’s results
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Thousands of business and residential customers in Randburg, Johannesburg area have been left without fixed-line telephone and broadband services following cable theft in the area. It’s the second time in two weeks that cable theft has disrupted services in this high-density business region
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
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
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
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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
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
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
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