Telkom South Africa says it invests up to ZAR 6.7 billion annually on broadband infrastructure as part of the Telkom Infrastructure Investment Programme, ITWeb reported. Group executive of regulatory affairs and government relations Siyabonga Mahlangu spoke at a panel discussion at the South Africa Investment Conference 2020 on growth opportunities for businesses in the ICT...
Telkom CEO Sipho Maseko has offloaded R6.3-million worth of the shares he holds in the JSE-listed telecommunications group, a regulatory filing on Wednesday showed. Maseko, Telkom said in a statement issued via the JSE’s stock exchange news services, sold the shares on 12 and 13 November, just days after the company exited a closed period following...
Telkom South Africa says it is planning to unlock shareholder value by bringing in new shareholders for its Gyro mast and tower business, Openserve, and its data centre business, MyBroadband reported. Telkom CEO Sipho Maseko said the operator has completed a “market sounding process” with potential investors for Gyro, asking how they would like to...
Telkom’s ICT services business BCX will spin off its data centre business into another Telkom subsidiary, Gyro, and the telecommunications group may then seek external investors for the unit. That’s according to Telkom CEO Sipho Maseko, who said in an interview with TechCentral following the publication of the group’s interim financial results on Tuesday, that the...
Buoyed by increased data demand, Telkom’s mobile division solidified its position as SA’s third mobile operator in the six months ending September, adding two million new customers in the period. The telephony group, which recorded mixed results in its business units, says mobile customers were up 19% to 13.7 million, giving it critical muscle in...
Telkom on Tuesday said its mobile data revenue surged 54% in the first half of its 2021 financial year, supported by an 81% surge in mobile traffic. However, it’s fixed-line business contracted sharply, losing more than half a million customers since the end of March as consumers ditched landlines for mobile services and as Telkom itself...
JSE-listed telecommunications operator Telkom said on Tuesday that it expects headline earnings per share (Heps) to rise by as much as a quarter in the six months to 30 September 2020, sending its shares leaping higher. The earnings update, which comes a week before Telkom reports its interim results, saw the company’s shares trading up almost...
Telephony group Telkom is expecting to report an increase of 15% to 25% in headline earnings per share and a rise of 19% to 27% basic earnings per share for the half-year ended 30 September. In a statement to shareholders today, the company says this performance was mainly driven by 16% growth in operating profit...
Communications regulator Icasa is putting the cart before the horse in forging ahead with plans to licence access to new spectrum bands before it has concluded an inquiry into the mobile broadband services market. That’s the view of Telkom group executive for regulatory affairs and government relations Siyabonga Mahlangu. who said an Icasa inquiry, which kicked...
Telkom has made several new appointments to various board committees following the announcement of the retirement of directors Santie Botha, who stepped down on 25 September, and Khanyisile Kweyama, who will leave at the end of the year. Telkom said earlier this month that Alphonzo Samuels, who is the former CEO of the group’s wholesale Openserve division, would...
