Telkom’s fixed-line and enterprise business lines have taken a battering due to the Covid-19 lockdown, but its consumer mobile business is flying, with Telkom Mobile overtaking Cell C to become South Africa’s third-largest mobile operator. In a market update published on the JSE’s stock exchange news service on Friday afternoon, Telkom – which is near the...
Telkom has announced that a number of its products would now be available from Takealot.com. The companies believe that this new partnership will bring superior service and convenience to new and already existing Telkom customers. “This partnership with Takealot.com brings together a vision centred around one important stakeholder, the customer. The connectivity of our customers from...
Telkom South Africa and Telenor have announced the signing of a three and a half year Managed Roaming agreement that will enable Telkom to improve the roaming retail offering to its end users. Through this agreement, Telenor will be responsible for the full end-to-end wholesale roaming process for Telkom. Meanwhile, Telkom will be able to...
Telkom shareholders have shot down a special resolution at its AGM that would have allowed the company to issue more shares for cash if it had been approved. A special resolution — namely the general authority for directors to issue shares for cash — won support from 73.84% of shareholders at the AGM, just shy of...
Telkom has announced changes to its board, including the appointment of new members. In a notice to shareholders, the telecoms operator today announced the appointment of Alphonzo Samuels and Hemmanth (Herman) Singh as non-executive director and independent non-executive director to the board of directors, with effect from 1 January 2021 and 25 September 2020, respectively. This...
Telkom on Thursday rubbished market talk that it plans to do a right issue to fund its participation in the upcoming spectrum auction to be led by communications regulator Icasa. The operator issued a statement on the JSE’s stock exchange news service (Sens) on Thursday afternoon after TechCentral e-mailed questions to the company asking about rumours...
Ten years after it launched its first mobile offering in the form of 8ta, Telkom has surpassed Cell C to become South Africa’s third largest mobile operator by subscriber numbers. This became evident on Thursday when Blue Label Telecom, Cell C’s largest shareholder, published its annual financial results showing that Cell C’s subscriber base had dipped...
The high court in Pretoria has handed a significant and potentially ground-breaking legal defeat to Telkom, and victory to Vodacom, over the use of the partially state-owned telecommunications operator’s ducts used to carry broadband cables. In a judgment handed down on 15 August 2020 in a case brought by Telkom against communications regulator Icasa and Vodacom,...
Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors. Maseko took home R21.8-million, down from R23.2-million in the 2019 financial year, according to the telecommunications operator’s annual report, which was published on Friday. Maseko’s remuneration for the year ended...
Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance. Telkom and other mobile operators in South Africa are looking to tap more than 11 million South Africans who do not have bank accounts to offer lending and other financial services, a...
