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Telkom to face big challenge in fixed lines

Telkom to face big challenge in fixed lines

In the past 20 years, Telkom has lost almost every aspect of the absolute monopoly it once held over South African telecommunications. First, it lost its supremacy over voice communication as cellular rivals challenged it for dominance and won. Today, the cellular operators carry the vast majority of

Telkom soars on turnaround hopes

Telkom soars on turnaround hopes

Telkom’s share price touched a fresh 52-week high on Monday as investors continued to pile back into the company on the expectation that it will begin to deliver on a promised turnaround in its fortunes in 2014. In intraday trading on Monday, Telkom was trading as high as

Telkom, Blue Label to do battle

Telkom, Blue Label to do battle

Telkom and its former subsidiary, Nigeria’s Multi-Links, have won a high court order setting aside arbitration proceedings with Blue Label Telecoms and paving the way for a bruising court battle in which Telkom is seeking $528m in damages from Blue Label. Telkom is

Telkom goes after former boss

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

Telkom slaps R5bn suit on Blue Label

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

Koreans in new talks with Telkom

Koreans in new talks with Telkom

Korea’s KT Corp appears once again to be in discussions with Telkom, this time over the sale of the partially privatised South African telecommunications operator’s Internet service provider assets elsewhere in Africa. According to a report in Korea IT Times

Another chance for Telkom

Another chance for Telkom

Telkom is a shadow of the company it once was. As little as 10 years ago, it thoroughly dominated SA’s telecommunications landscape. Today, it’s not even among the top 40 companies listed on the JSE. Its market value has dwindled to such as extent that, at R7,8bn, it’s worth less than 5% of Vodacom, in which it once

Zim second in ITU growth rankings

Zim second in ITU growth rankings

United Nations agency, the International Telecommunication Union (ITU), has ranked Zimbabwe second in the “most dynamic country” category of its latest measurements of ICT development. This development is measured using the ITU’s ICT Development Index

A tragedy in the making

A tragedy in the making

Public enterprises director-general Tshediso Matona said last week that government has made no decision about what it plans to do about the vexing question of Telkom. Ruling-party politicians are debating whether the company will remain listed on the JSE or

Telkom messed up, CEO admits

Telkom messed up, CEO admits

Telkom CEO Nombulelo Moholi admitted that the telecommunications group had made a hash of its investments elsewhere in Africa. “A lot of the investments we made we shouldn’t have made,” she told analysts and journalists in Rosebank, Johannesburg

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