Warren Buffett famously said that when the tide goes out you can see who has been swimming without a costume.
Telkom aims to save R2-billion over two years through cost cutting measures that include merging its smaller African units, its CFO said on Tuesday.
South African fixed-line phone firm Telkom posted a 45,9% fall in full-year headline earnings per share.
The High Court in Pretoria on Sunday ruled in favour of Vodacom and dismissed the application by Cosatu and Icasa to prevent its listing on the JSE.
The decision of Icasa to rescind its ruling on Telkom South Africa’s sale of its Vodacom shares to Vodafone was welcomed by Icasa on Friday.
A bid to halt Telkom’s sale of its 15% stake in cellular operator Vodacom was dismissed with costs in the High Court in Pretoria on Thursday.
The Communications Workers Union (CWU) was informed and consulted by Telkom on the sale of a 15% stake in cellullar operator Vodacom.
Solidarity has asked telecommunications giant Telkom for a wage increase of 16% on basic salaries, the union said in a statement on Wednesday.
Telkom, Vodacom, Vodafone and the Department of Communications are being taken to court by the Communication Workers’ Union, it said on Friday.
AT&T business solutions chief executive Ronald Spears described the agreement as "a milestone" for AT&T.
Although Neotel as an alternative to Telkom has been welcomed, it doesn’t quite offer all the answers.
Boost for the economy as cellphone giant ditches Telkom and heads for JSE, reports Lloyd Gedye.
Telkom shareholders have agreed to sell 15% of the company’s stake in Vodacom to the United Kingdom-based Vodafone Group, Telkom said on Friday.
Solidarity has declared an internal dispute with Telkom regarding the handling of wage negotiations, the union said on Tuesday.
Telkom may shut down its pay-TV unit Telkom Media, a local newspaper reported on Tuesday. Telkom Media was not immediately available for commment.
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/ 8 February 2009
Lloyd Gedye reports on why 2009 is the year of the internet in SA.
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/ 6 February 2009
Telkom announced on Friday that it has terminated the services of its chief of operations, Motlatsi Nzeku, with immediate effect.
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/ 22 January 2009
Telkom’s expansion into Africa took another step forward on Thursday with the acquisition of the remaining 25% of Multi-Links.
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/ 4 December 2008
SA consumers can expect huge savings in telephone and internet costs in the next 12 to 18 months thanks to the launch of a second transatlantic cable.
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/ 20 November 2008
Government clings to JSE investments and places its role of policy director in question.
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/ 17 November 2008
Telkom posted a 0,4% rise in first-half headline earnings per share, lifted by its Vodacom mobile unit and growth in Africa.
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/ 10 November 2008
Telkom has agreed to buy all of MWeb Africa and a 75% stake in MWeb Namibia from Naspers for R610-million, it was announced on Monday.
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/ 6 November 2008
It must be divorce season. First Mosiuoa Lekota announces his departure from the ANC and now Telkom has announced that they’re separating Vodacom.
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/ 20 October 2008
Government intervention has scuppered Telkom’s plans to rush through a restructuring programme, which would have seen its core business outsourced.
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/ 19 October 2008
The cost of offshore borrowing for SA has jumped by 50% in recent weeks while foreigners have withdrawn R30-billion from the country since last month.
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/ 18 October 2008
Without Vodacom, Telkom is in for a rough ride, writes Lloyd Gedye.
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/ 17 October 2008
A case of corruption has been opened against Robert Gumede, the chairperson of listed information technology company GijimaAST.
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/ 10 October 2008
Telkom said on Thursday its board and the government supported a bid by Britain’s Vodafone to buy Telkom’s stake in Vodacom Group.
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/ 4 September 2008
High on the Highway Africa agenda will be debates on how to deepen the democratisation role of the media.
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/ 2 September 2008
Nigerian tycoon Mike Adenuga wants to buy fixed-line operator Telkom so he can merge his cellphone company Globacom with Telkom’s stake in Vodacom.
By being savvier about how we purchase our telecommunication data we can control our costs and put less money into the pockets of telecommunication.
Zain Mobile is coming. The question is, will they partner with Telkom?