South Africa: Telkom could sell Openserve stake – but who’s buying?

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...

South Africa: Telkom’s bleak interims

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 interim earnings to be cut in half

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...

South Africa: Telkom’s 5G network goes live in various parts of SA

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...

Telkom shares plunge on report MTN talks have stalled

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 moves to assure MTN merger still on the table

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...

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