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Telkom plans to raise R1-billion by the end of its financial year — 31 March 2023 — through the sale to external financial institutions of “qualifying receivables” related to upfront handset and device sales. This comes as the telecommunications operator’s free cash flow comes under severe pressure due to the impact of “front-loaded investment in working...

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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...

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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...

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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...

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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...