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/ 2 June 2008

Telkom’s surge the talk of the town

Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK’s Vodafone set pulses racing. However, the market as a whole was mixed as resources generally gained some ground, but banks felt the heat from a struggling
sector in the United Kingdom.

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/ 2 June 2008

Telkom gets bid from Vodafone

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.

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/ 27 May 2008

Vodacom posts annual profit rise

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.