Telkom, a semi-private South African telecommunications provider, has appointed Sung Hyuck Yoon, a former Samsung Africa CEO, to join its board as a non-executive director. Yoon who offers unique executive experience across three continents, including 16 years in the US and four years in Africa, will be joining the company’s board on 1 May 2022,...
In a blow to shareholders who had been hoping for an imminent “value unlock”, Telkom has elected to postpone the separate listing of its masts and towers business, Swiftnet. According to a previous timetable shared with investors, Telkom had planned to complete the unbundling and separate listing of Swiftnet on the JSE by the end of...
Telkom subsidiary BCX has extended its network capability into Teraco’s Johannesburg and Cape Town data centres. In a statement, the company says this extension will enable BCX to provide organisations with an end-to-end managed network service across a multi-domain software-defined networking (SDN) ecosystem that extends from the access domain into the cloud. In doing so,...
Telkom said it grew its mobile base by just 10% year on year in the third quarter of its financial year to 16.4 million – the prepaid base climbed by 12% and post-paid by 1.8%. That represents a marked slowdown in customer acquisitions in the key holiday quarter ended 31 December 2021. In the six-month period...
In the early 2010s, South African mobile operator Telkom ceded or sold some of its African operations in controversial deals. Almost ten years later, the government wants to shed light on these operations. Telecom operator Telkom South Africa will be investigated by the Special Investigations Unit (SIU) into ” allegations of corruption and maladministration ” in relation to...
President Cyril Ramaphosa has issued a proclamation directing the Special Investing Unit (SIU) to probe various dealings that took place at Telkom going as far back as June 2006, among them an aborted foray into Nigeria that is estimated to have cost the company more than R10-billion. The president has directed the SIU to investigate “serious...
Telkom said on Friday that it’s revenue will remain flat for the six months to end-September, despite the growing demand from South African consumers for fixed and mobile broadband. Though basic (Beps) and headline earnings per share (Heps) will rise by between 20% and 35%, this is not a measure of the underlying operational performance but...
Telephony group Telkom is seeking a separate listing of its Swiftnet masts and towers business on the Johannesburg Stock Exchange, as it seeks to unlock value for shareholders. The company today announced that Swiftnet’s value is not fairly reflected in the Telkom share price, hence the move to list it separately. Swiftnet, which has operated...
Less than a year after joining Telkom’s board, former Openserve CEO Alphonzo Samuels has resigned as a non-executive director. Telkom disclosed in a statement to shareholders that the Telkom veteran, who retired from the group in 2019, has given up his directorship “for personal reasons”. At the same time, the company has appointed Olufunke Ighodaro and...
Telkom is not holding back improved broadband access through its legal challenge of the spectrum auction but is, in fact, trying to make broadband more pervasive in South Africa. This is feedback from Telkom CEO Sipho Maseko who commented on their decision to get an interdict against the planned spectrum auction. The Independent Communications Authority...
