Telkom’s mobile business is still flying. In a financial update for the nine months to end-December 2020, published on Monday, the company said service revenue from mobile soared 40.7% year on year. This helped ensure that group revenue rose, albeit only just at 0.9% to R32.4-billion. Dragging down the results was a shocking 26.2% decline in...
JSE-listed telecommunications company Telkom has appointed Dirk Reyneke as the group chief financial officer (CFO) effect from 05 February 2021. In a statement to shareholders, the company says the appointment has been made pursuant to Telkom’s policy dealing with the nomination of directors. Reyneke replaces Tsholofelo Molefe who left Telkom in December last year to join Pan-African...
The Independent Communications Authority of South Africa (ICASA) has announced that Telkom has withdrawn part of its court application against it. “Following the recent media reports about Telkom launching a court application in respect of the Invitation To Apply (ITA) for high demand spectrum or International Mobile Telecommunications (IMT) spectrum as well as the ITA...
Telkom recently launched a legal challenge against ICASA’s plan to auction radio frequency spectrum that is to be used for 4G and 5G networks in South Africa. It said there are many grounds of review, which include that 700MHz and 800MHz “digital dividend” bands are not currently commercially viable as they are still in use by...
Last month, Telkom launched a legal challenge against ICASA’s planned spectrum auction, which will give operators valuable radio frequency spectrum for their 4G and 5G networks. Telkom argued that digital dividend spectrum is not currently commercially viable and that ICASA’s plans have not taken the lack of competition in South Africa’s cellular market into account. Telkom executive...
Telkom has partnered with YahClick to offer Internet access and voice-over-IP services to consumers in areas where the company doesn’t have coverage, especially in rural areas. The telecommunications operator said it will commence the arrangement by migrating “identified consumer (non-business) customers first and launch to new customers in early 2021”. “This significantly expands access to affordable...
Telkom South Africa has announced the resignation of Tsholofelo Molefe as group Chief Financial Officer to join rival MTN and has named Dirk Reyneke, CFO of Openserve for the past eighteen months, as acting Group CFO from 07 December. Reyneke is a qualified Chartered Accountant and joined Telkom on 01 March 2012 from Absa Retail...
Telkom has launched Telkom Pay, which is its digital wallet service that runs through WhatsApp. Telkom Pay allows customers to send money to anyone with a cellphone number and can be accessed without any other app or software. “We are launching financial services solutions that cater to everyone and that are easy to access through one’s...
Telkom has introduced Telkom Pay Digital Wallet, an e-wallet service for customers and merchants. The mobile-based platform allows users to send and receive money through the WhatsApp messaging app. It can be sent to anyone on the user’s contacts list and can also serve as a cashless point-of- sale payment option for merchants. Users with WhatsApp...
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...
