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TAKE2: Tragic Telkom
Warren Buffett famously said that when the tide goes out you can see who has been swimming without a costume.
Telkom
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Telkom aims to save R2-billion in costs
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.
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Telkom’s profit falls
South African fixed-line phone firm Telkom posted a 45,9% fall in full-year headline earnings per share.
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High court rules in favour of Vodacom
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.
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Cosatu welcomes Icasa decision
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.
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Court dismisses union bid to halt Telkom deal
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.
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Union was consulted on Telkom sale
The Communications Workers Union (CWU) was informed and consulted by Telkom on the sale of a 15% stake in cellullar operator Vodacom.
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Solidarity demands 16% wage increase from Telkom
Solidarity has asked telecommunications giant Telkom for a wage increase of 16% on basic salaries, the union said in a statement on Wednesday.
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See you in court, union tells Telkom
Telkom, Vodacom, Vodafone and the Department of Communications are being taken to court by the Communication Workers’ Union, it said on Friday.
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Fat bite, thin detail
AT&T business solutions chief executive Ronald Spears described the agreement as "a milestone" for AT&T.
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Neotel piggyback policy the answer?
Although Neotel as an alternative to Telkom has been welcomed, it doesn’t quite offer all the answers.
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Vodacom’s profitable divorce
Boost for the economy as cellphone giant ditches Telkom and heads for JSE, reports Lloyd Gedye.
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Telkom shareholders approve Vodacom sale
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.
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Union declares dispute with Telkom
Solidarity has declared an internal dispute with Telkom regarding the handling of wage negotiations, the union said on Tuesday.
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Telkom may close pay-TV unit
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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Broadening the band
Lloyd Gedye reports on why 2009 is the year of the internet in SA.
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Telkom fires ‘divisive’ chief of operations
Telkom announced on Friday that it has terminated the services of its chief of operations, Motlatsi Nzeku, with immediate effect.
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Telkom acquires full control of Multi-Links
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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New cable to slash internet, phone costs
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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Just can’t get enough
Government clings to JSE investments and places its role of policy director in question.
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Telkom first-half profit edges up
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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Telkom buys MWeb Africa from Naspers
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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Telkom offloads Vodacom
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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Government stops Telkom outsourcing
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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R30bn yanked from SA
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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Telkom’s big squeeze
Without Vodacom, Telkom is in for a rough ride, writes Lloyd Gedye.
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Major ANC donor in graft probe
A case of corruption has been opened against Robert Gumede, the chairperson of listed information technology company GijimaAST.
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Telkom says board, govt support Vodafone bid
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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Can African journalists construct citizen-centric communications?
High on the Highway Africa agenda will be debates on how to deepen the democratisation role of the media.
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Nigerian tycoon eyes Telkom
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.
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Slash those telecoms costs
By being savvier about how we purchase our telecommunication data we can control our costs and put less money into the pockets of telecommunication.
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A marriage made in heaven
Zain Mobile is coming. The question is, will they partner with Telkom?