Telkom CEO Serame Taukobong has told TechCentral in an interview that the company is giving serious consideration to selling a stake in its infrastructure subsidiary, Openserve. Openserve, a wholesale business that sells capacity to other companies, including Internet service providers, operates the largest fibre network in South Africa – connecting cities and towns as well as...
The telecommunications operator has reported a poor set of interim results for the six months to end-September 2022. The telecommunications operator, recently the subject of a now-aborted takeover attempt by rival MTN Group, has reported a poor set of interim results for the six months to end-September 2022. It has also revised its guidance to...
Telkom on Monday warned investors that its headline earnings per share will slump by as much as 55% year on year when it reports results for the six months to end-September 2022 later this month. Both basic and headline EPS will crash by between 45% and 55%, the company said in a trading statement. Telkom blamed...
Telkom has become the latest telco to step into SA’s increasingly growing 5G market, launching the fifth-generation technology in partnership with Huawei today. Additional spectrum made available to the market has propelled Telkom’s connectivity ecosystem and catapulted its journey into 5G connectivity. The official launch took place today at the DP World Wanderers Stadium in...
Following the collapse of discussions between MTN and Telkom, Rain said it remains engaged with Telkom about a possible deal. Wireless broadband operator Rain said on Wednesday 19th October that it remains engaged with Telkom about a proposed acquisition. This comes after Telkom and MTN Group told investors earlier in the day that their proposed deal...
Shares in Telkom plummeted more than 10% in Johannesburg on Friday after a report suggested talks with rival MTN Group about a takeover had stalled. Telkom’s share price plunged to as low as R40.01, a decline of 16.5% from Thursday’s close, after Bloomberg reported that the discussions were not advancing. The shares regained some composure and were quoted...
Telkom has moved to assure MTN that its proposal is still under consideration despite Rain’s recent overture to tie-up with the telephony group. “The MTN proposal is still under consideration by both parties. The MTN proposal, if concluded, may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to...
MTN has sent a letter to Telkom inquiring about its romance with data-only network Rain. This, after Telkom announced today that it is evaluating Rain’s non-binding tie-up proposal, although it is not yet ready to express a view on the offer. MTN seems not to be amused by the announcement, as it was the first company to make...
Rain has formally made a non-binding proposal to Telkom that would see the latter acquire the former through the issue of new Telkom shares. Telkom told shareholders on Friday that it received the proposal from Rain on 14 September, or more than two weeks ago. “The Telkom board is evaluating the Rain proposal and is not...
Telkom subsidiary BCX is set to appoint two channel partners to resell Alibaba Cloud services in South Africa and the rest of the African continent. So said Jonas Bogoshi, CEO of BCX, last week in an interview with ITWeb after the company signed an exclusive deal with Alibaba Cloud to bring the Chinese company’s services to the...
