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/ 18 October 2008
Without Vodacom, Telkom is in for a rough ride, writes Lloyd Gedye.
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/ 16 October 2008
Own up, if — high up among your cellphone’s utilities — you treasure its status as a fashion accessory.
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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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/ 25 September 2008
Vodacom’s YeboYethu public offer has been highly popular and subscription levels have exceeded the amount of shares available, it said on Thursday.
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/ 5 September 2008
Cape Town mayor Helen Zille has accused cellphone giant Vodacom of helping the ANC-controlled Western Cape government to illegally spy on her.
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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.
Vodacom has agreed to buy most of African network and satellite services firm Gateway for an enterprise value of ,1-billion.
Vodacom announced on Tuesday it has acquired shareholding in Storage Technologies Services, a company that provides storage and security services.
By being savvier about how we purchase our telecommunication data we can control our costs and put less money into the pockets of telecommunication.
As the battle within the ANC rages on, the mixed messages emanating from Telkom’s head office suggest that it may be caught in a power struggle.
One big difference between the Vodacom retail offering and that of Sasol is that there is no option to buy shares outright for cash.
Cellphone giant Vodacom has implemented a R7,5-billion broad-based black economic empowerment (BEE) ownership transaction, it said on Tuesday.
The Competition Commission has laid charges with the police against a Vodacom executive.
Pieter Uys has been announced as the new CEO of Vodacom. Uys, the chief operating officer, takes over from Alan Knott-Craig.
History has shown that fixed-line telcos with no mobile partner find the going tough in a converging telecoms sector.
Vodacom has chosen Royal Bafokeng Holdings and Thebe Investment Corporation as partners in its broad-based BEE deal, the company said on Thursday.
Vodacom brings effortless internet to all its cellphone customers and makes a deal with South African social-media website <i>Zoopy.com</i>.
Telkom posted a 4,4% fall in its headline earnings per share, and said it aims to re-enter the cellphone market by selling its interest in Vodacom.
Vodacom chief executive officer Alan Knott-Craig said on Monday he would step down by the end of September.
The Johannesburg High Court on Friday dismissed with costs an application to halt Vodacom’s R7,5-billion BEE deal.
Telkom has had an offer from a Vodafone unit for its half of mobile operator Vodacom, while Mvelaphanda may lead a bid for the whole group minus the Vodacom stake, Telkom said on Monday. Shares in Telkom jumped over 15% to R158, the highest level in six months and valuing the company at R82,28-billion.
South African stocks were lower at midday on Tuesday, pressured by below-forecast gross domestic product (GDP) data, which showed that the quarterly economic growth rate slowed to 2,1%, traders said. At 12.02pm, the all-share index was down 0,71%. Resources fell 1,01%, while the gold- and platinum-mining indices were off 0,42% and 0,72% respectively.
South Africa’s biggest cellphone operator, Vodacom, reported a rise in annual profit as it boosted subscriber numbers, parent company Telkom said on Tuesday. Telkom, Africa’s largest fixed-line telephone operator, said Vodacom had increased its total subscribers by 12,7% to 34-million in the year ended March.
South African mobile telecommunications group Vodacom and its shareholders, together with Rand Merchant Bank, a division of FirstRand Bank, are currently in the process of structuring a R7,5-billion black economic empowerment (BEE) transaction, it said on Monday. The Vodacom group said that its BEE transaction was "well on track".
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/ 22 January 2008
Telkom has received a non-binding offer from Oger Telecom, the group said on Tuesday. Telkom, which owns 50% of South Africa’s biggest cellphone operator Vodacom, said it is continuing a review of its mobile strategy but added that it was not presently in discussions with Oger.
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/ 19 December 2007
Rescue efforts are under way in the Democratic Republic of Congo (DRC) after a fleet of boats capsized on the Tshuapa river, killing at least 45 people, reports said on Wednesday. About 80 people were on board the motorised canoes when they went under on Sunday night.
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/ 6 December 2007
Mobile operator Cell C could be next on the cards for local fixed-line operator Telkom after talks with another mobile operator, MTN, terminated in November. Growth in the telecommunications sector has been skewed towards mobile operators in the past couple of years.
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/ 28 November 2007
South African fixed-line operator Telkom’s shares plummeted more than 10% in early trade on Tuesday on news that the negotiations it was in with cellphone operator MTN had terminated. In September, Telkom released a cautionary announcement advising shareholders that it had entered into discussions with Vodafone and MTN.
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/ 19 November 2007
South African fixed-line operator Telkom said on Monday first-half headline earnings per share fell 15,1% to 742,3 cents. Telkom said the reduction in earnings was due to a 4,8% decrease in operating profit to R7,313-billion rand, caused by a 13,8% increase in operating expenses and a 122,4% rise in finance charges.
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/ 18 October 2007
A civic movement on Thursday demanded that a ”degrading and discriminating” Rugby World Cup advert featuring Khoisan people be pulled from the airwaves. ”It degrades our Khoisan indigenous people as illiterate,” said national secretary general of the African Renaissance Civic Movement Richard Huber.
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/ 11 October 2007
South African fixed-line telephone operator Telkom said in a cautionary announcement on Thursday that its discussions with Vodafone and MTN are still ongoing. Telkom said discussions were part of its mobile-strategy review, and that shareholders are advised to continue exercising caution when dealing in their shares until a further announcement is made.
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/ 28 September 2007
The Premier Soccer League’s (PSL) newly announced R500-million sponsorship deal with Absa and the five-year R1,6-billion broadcast deal it struck with SuperSport International confirm South Africa as one of the richest football leagues in Africa and the developing world.