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...
Telecoms regulator the Independent Communications Authority of South Africa (ICASA) has welcomed yesterday’s ruling by the Supreme Court of Appeal (SCA) against Telkom on a matter relating to the leasing of facilities between licensed operators. In a statement this afternoon, the regulator says in this matter, Telkom sought to review ICASA’s decision that directed Telkom...
Digital Fintech enablement provider Ukheshe Technologies, together with Infobip, a global cloud communications platform, have developed South Africa’s first WhatsApp payment gateway for use by mobile operator Telkom. The partners claim that in addition to being South Africa’s first digital wallet platform, the solution is also the first WhatsApp channel to enable payments using QR....
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...
