Telkom burned through close to R1-billion cash in the most recent six months. It reported negative free cash flow of R839-million in the six months to end-September, a R1.05-billion swing from the R211-million positive figure reported in the first half of last year. It argues this is due to “an increase of R1.1-billion in capex paid...
Telkom CEO Sipho Maseko said a deal with MTN is possible if structured correctly and if the benefits are highlighted, MyBroadband reported. Maseko said there is no deal he is looking at or evaluating, adding that there is nothing on his table that is worth evaluating. The remarks came after Bloomberg reported on 08 November...
“As we speak, there is no deal that I am looking at or the the board is looking at in relation to MTN,” Telkom CEO Sipho Maseko said in reply to questions at the company’s interim results presentation on Tuesday. Maseko was responding to questions from analysts about a Bloomberg News report on Sunday which cited unnamed sources...
Telkom inked a new roaming agreement with MTN, saying that its customers now have access to three networks – its own, Vodacom’s and MTN’s. The latest agreement, effective 1 November 2021, ensures that Telkom has access to MTN’s 2G, 3G and 4G services. Lunga Siyo, CEO of Telkom Consumer, said in a statement: ‘The access to MTN South Africa’s 2G,...
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is likely or imminent. On Sunday, Bloomberg News reported that MTN had recently approached Telkom about a possible deal, citing sources “familiar with the matter”. It did not say when exactly this approach took place. TechCentral...
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”. Telkom has so far rebuffed MTN’s proposals, the news wire said (paywall), and “it remains unclear” whether MTN will continue with its pursuit of its smaller rival. MTN is said to have made a bid for Telkom...
Telkom has announced that its customers now have access to three networks following the group’s recent addition of telecom giant MTN as a roaming partner. Telkom operates a network of approximately 6,900 base stations & continues to expand this footprint. It entered into an agreement with Vodacom South Africa for 2G, 3G and 4G services...
Telkom is taking Icasa to court to try to stop the communications regulator’s planned withdrawal of temporary spectrum at the end of next month, saying the move would disrupt the provision of services and harm consumers. Icasa originally made the spectrum available on an emergency basis in April 2020 to interested licensed operators due to the...
A new artificial intelligence platform has been unveiled by Telkom, in collaboration with Enlabeler, which the companies claim could have a far-reaching impact on the education, health and business sectors. Telkom says the new AI platform izwe.ai translates speech into text from English and local languages. It has a unique ability to interpret South African accents....
Telkom has finally launched support for embedded Sims, or eSims, on smartphones connected to its network. This means that Apple iPhone users, for example, will be able to use the eSim functionality in their devices to connect to Telkom while using the physical Sim card slot to connect to another network. In other words, Telkom customers...
