Telkom revenue declines amid buyout talks
Telkom said in trading update for the quarter ended June 2022 that group revenue declined 3.2% to R10.28 billion despite continued growth in its mobile division, and strong fibre numbers.
Telkom auctioning off 54 properties – including land in the Cape Columbine Nature Reserve
Telkom is in the process of auctioning off the unused commercial property in its real estate portfolio, with the next batch of buildings set to go under the hammer in August.
Telkom paid former boss R10 million retention fee to keep competitors away
Former Telkom group CEO Sipho Maseko earned R34,199,625 for the nine months he served at the company from 1 April to 31 December 2021.
Unions push back against MTN’s planned takeover of Telkom
The Congress of South African Trade Unions (Cosatu) says it rejects the proposed takeover of Telkom by MTN.
MTN makes offer to buy Telkom
MTN has advised shareholders that it has entered into discussions to acquire the entire issued share capital of Telkom in return for shares or a combination of cash and shares.
Mteto Nyati appointed to Telkom’s board
Mteto Nyati and Brian Kennedy have been appointed to the board of Telkom as independent non-executive directors with immediate effect.
The best and worst mobile networks in South Africa right now
MyBroadband Insights has published its Q2 2022 Mobile Network Quality Report, detailing the best and worst mobile networks in South Africa right now.
MTN to cover 25% of South Africa with 5G by the end of the year
MTN South Africa is ramping up the rollout of its 5G coverage in the coming months, with the group aiming to have at least 25% of the population covered by the end of 2022.
South Africa needs to lower mobile data costs: Ramaphosa
Access to data has emerged as one of the most significant barriers to digital equality and access in South Africa, says president Cyril Ramaphosa.
Telkom revenue slows amid dividend suspension cycle
Telkom on Tuesday (14 June) published its annual results for the year ended March 2022, showing a marginal decline in revenue. The group cited a sluggish economy, global supply chain challenges, a...
South Africa is ready to launch its own satellite: minister
Communications minister Khumbudzo Ntshavheni says South Africa is ready to launch its first satellite.
MTN warns of new scams targeting customers
The move to remote working and online learning has led to a spike in security incidents, says telecoms company MTN. T
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