Telkom, Rain Terminates Merger Talks
South Africa’s Telkom (JO:TKGJ) and data-only network operator Rain have terminated merger talks. Telkom informed investors on Wednesday that after initial discussions, but prior to...
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Telkom News & Analysis
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Openserve Set To Launch Range Of FTTR Products In 2023
At the 25th AfricaCom (AfricaCom 2022) themed “Driving Inclusive, Sustainable Growth Through Tech Investment”, Openserve and Huawei jointly unveiled the new home networking...
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Women Entrepreneurs Embrace The Benefits Of Cloud Services As A Necessary Tool For SMMEs
Entrepreneurs attending Huawei’s Women in Tech digital skills training programme, say they are now open to embracing Cloud technology, following a three-day course showcasing the value...
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MTN Continues Talks To Buy Telkom
MTN (JO:MTNJ) today informed investors that negotiations to buy South Africa’s Telkom (JO:TKGJ) are still in progress. “Shareholders are advised that discussions are still in...
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MTN is Planning to Buy Telkom
MTN Group (JO:MTNJ) is reportedly in talks to buy its telecommunications rival Telkom (JO:TKGJ). According to Bloomberg, the company said the discussions are still at an early stage and...
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Huawei MateBook D14 Launches in SA: Where to Get it, Price & Specs
Huawei South Africa has announced the launch of the new Intel-powered HUAWEI MateBook D14 on Monday.The HUAWEI MateBook D14 brings along technologies such as Super Device, Fingerprint Power...
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Telkom Financial Services Launches Telkom Pay Mobile Point Of Sale App For SMMEs
To simplify business for small, micro, and medium enterprises, Telkom (JO:TKGJ) Financial Services has launched the Telkom Pay Mobile Point-of-Sale (mPOS) app, a FinTech tool that allows...
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Weekly corporate finance activity by SA exchange-listed companies
Prosus (JO:PRXJn) completes share repurchase programme Prosus has announced the completion of its share repurchase announced in August 2021. The company has repurchased a total of...
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Telkom disappoints the market
Telkom (JO:TKGJ) released a trading update for the quarter ended 31 December and the market hated it. The share price fell 7% on the day. We've seen strong momentum recently in MTN...
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Telkom’s Fibre and Mobile Business Shines In Results
Telkom (JO:TKGJ) on Monday reported stellar performance from its mobile and fibre business. The company announced that active mobile customers rose 10% year on year to 16.4 million with a...
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Vodacom: slow and steady
Vodacom has released an update for the quarter ended December 2021, which represents the third quarter of its financial year. The share price fell 1.7% in response, so it wasn't met with...
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ICASA Receives Six Aplications For High-Demand Spectrum
The Independent Communications Authority of South Africa (ICASA) today announced it has received six applications in respect of the International Mobile Telecommunications spectrum licensing...
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Newly Formed COMRiC Takes Aim At Crime Facing SA’s Telco Industry
South Africa’s leading telecommunication operators, including MTN (JO:MTNJ) SA, Vodacom, Telkom (JO:TKGJ) SA, Cell C and Liquid Intelligent Technologies have joined forces to...
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US Tech Firm Oracle Opens First Cloud Region in Africa
Oracle (NYSE:ORCL) today announced the availability of its first cloud region in Africa to meet the rapidly growing demand for enterprise cloud services on the continent. The Oracle Cloud...
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Telkom Takes South African Regulator to Court
Telkom (JO:TKGJ) has filed an application asking the Gauteng High Court to review and set aside the Invitations To Apply (ITAs) published by the Independent Communications Authority of...
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TelkomONE boosts video streaming offering
South Africa’s emerging streaming leader, TelkomONE, this week announces the addition of top end video-on-demand content (VOD) and linear channels from the WarnerMedia...
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Rain’s 5G Covers 5 Million Households
SA’s Rain 5G network service, which was launched in September 2019, is now covering 5.2 million households nationwide.JSE-listed African Rainbow Capital (JO:AILJ) (ARC), which owns...
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SA Govt Planning to Bring Internet to All Homes by 2024 – Communications Minister
South Africa’s Minister of Communications, Khumbudzo Ntshavheni, says the country’s government is reviewing its plans to ensure that all South Africans have access to...
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Telkom Launches Its Black Friday Deals – Save on a Smartphone + Free Data
Today, Telkom (JO:TKGJ) announced its Black Friday Monate deals, which include smartphones, laptops and show-stopping savings on data packages. Some of the deals include up to 150GB of...
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A Price Has Been Set for MTN’s IHS Tower Deal – Here Are The Details
After a lengthly competitive process, the MTN (JO:MTNJ) Group has announced that its South African arm has finalised a passive tower infrastructure transaction with IHS Towers. The...
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Telkom SA Sails Through Stormy 2021
Telkom (JO:TKGJ) SA has today published its Interim Results for the six months ending 30 September 2021 reflecting steady earnings growth in the first half of the financial year. In a...
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MTN’s Takeover Plans for Telkom Would Need the Government’s Support First
ITNewsAfrica - South Africa’s MTN (JO:MTNJ) Group, the largest telecom in Africa and 2nd largest in its home nation has reportedly made a pitch to buy SA’s third largest telecom,...
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Telkom Adds MTN as Roaming Partner
IT News Africa - Telkom (JO:TKGJ) has announced that its customers now have access to three networks following the group’s recent addition of telecom giant MTN (JO:MTNJ) as a roaming...
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South African regulator's approach to spectrum auction was unlawful, court says
By Nqobile DludlaJOHANNESBURG, March 12 (Reuters) - A South African judge said he had halted the radio frequency spectrum auction planned this month by regulator ICASA because he deemed the...
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UPDATE 2-South African regulator to appeal court order halting spectrum auction
* ICASA prohibited from making final decision on auction* Regulator says will use all legal avenues* Communications minister calls for out of court mediation (Adds communications minister...
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UPDATE 2-S.Africa spectrum auction halted pending hearing over Telkom contentions
* Judgement further delays auction process* ICASA prohibited from making any final decision on applications* Telkom says ruling affirms its concerns on lawfulness of process (Adds reaction...
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South Africa's telecoms regulator pushes back spectrum auction again
JOHANNESBURG, Feb 22 (Reuters) - South Africa's telecoms regulator on Monday pushed back the announcement of the qualifying bidders for its long-awaited auction of new spectrum by a month to...
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South Africa's Telkom 9-months revenue up on buoyant mobile business
JOHANNESBURG, Feb 8 (Reuters) - Telkom TKGJ.J , South Africa's leading landline operator, said on Monday group revenue for the nine months ended Dec.31 ticked up 0.9% driven by a strong...
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BRIEF-Telkom SA SOC Ltd Posts YTD Revenue Of R32 432 Mln
Feb 8 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* JSE: TKG - TL26 - MARKET UPDATE FOR THE NINE MONTHS ENDED 31 DECEMBER 2020* TELKOM SA SOC LTD - RESILIENT YTD GROUP REVENUE UP 0.9% YEAR ON...
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South African Markets - Factors to watch on Feb.8
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday. COMPANIES Telkom TKGJ.J,...
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BRIEF-Telkom SA SOC Appoints Dirk Reyneke As Group CFO
Feb 5 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* JSE: TKG - TL26 - APPOINTMENT OF GROUP CHIEF FINANCIAL OFFICER AND CHANGES TO THE COMMITTEES OF THE BOARD* TELKOM SA SOC LTD - DIRK REYNEKE...
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S.Africa regulator to oppose MTN's court application on 5G spectrum auction
JOHANNESBURG, Jan 29 (Reuters) - South Africa's telecoms regulator said on Friday it will challenge a court application by MTN Group MTNJ.J seeking to review or scrap the regulator's auction...
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South Africa's MTN wants court to scrap or fix 5G spectrum sale process
JOHANNESBURG, Jan 28 (Reuters) - South African mobile network operator MTN Group MTNJ.J has asked the Gauteng High court to scrap or review the telecom regulator's auction process for...
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UPDATE 1-S.African regulator to challenge Telkom's court application to halt spectrum auction
(Adds quotes, details)CAPE TOWN, Dec 23 (Reuters) - South Africa's telecoms regulator ICASA said on Wednesday it will challenge a court application by state-owned Telkom seeking to halt...
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BRIEF-Telkom SA Soc Says Dirk Reyneke Has Accepted Appointment As Permanent CFO
Dec 14 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* TELKOM SA SOC LTD - ANNOUNCED APPOINTMENT OF DIRK REYNEKE AS ACTING GROUP CHIEF FINANCIAL* TELKOM SA SOC LTD - COMPREHENSIVE RECRUITMENT...
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UPDATE 1-South Africa's Telkom CFO Molefe to join MTN in 2021
(Recasts with MTN statement)JOHANNESBURG, Dec 4 (Reuters) - Tsholofelo Molefe has resigned as group Chief Financial Officer of South African telecom operator Telkom to join rival MTN...
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South Africa's Telkom CFO Molefe resigns
JOHANNESBURG, Dec 4 (Reuters) - South African mobile network operator Telkom SA SOC TKGJ.J said on Friday Tsholofelo Molefe has resigned as the group Chief Financial Officer to pursue...
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BRIEF-Telkom SA SOC Says Tsholofelo Molefe Has Resigned As Group CFO
Dec 4 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* TELKOM SA SOC LTD - TSHOLOFELO MOLEFE HAS RESIGNED AS GROUP CHIEF FINANCIAL OFFICER* TELKOM SA SOC LTD - DIRK REYNEKE, CURRENT CFO OF...
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UPDATE 2-S.Africa's Telkom eyes 3-5 yrs to shrink market value to net worth gap
* Plans include separate listing of business units* May bring in strategic or financial investors* First priority to unlock value in towers unit* Fibre infrastructure, data centres, property...
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BRIEF-Telkom SA SOC Posts HY Group HEPS 219.0 Cents Per Share
Nov 10 (Reuters) - Telkom SA SOC Ltd TKGJ.J : * TELKOM SA SOC LTD - HY GROUP HEPS AND BEPS UP 25.4% AND 29.5% TO 219.0 AND 217.5 CENTS PER SHARE RESPECTIVELY * TELKOM SA SOC LTD - IMPACT...
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S.Africa's Telkom posts 25.4% jump in profits for half year
JOHANNESBURG, Nov 10 (Reuters) - South Africa's telecom company Telkom TKGJ.J reported a 25.4% rise in half-year earnings on Tuesday, boosted by its mobile business, which benefited from...
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South African Markets - Factors to watch on Nov. 10
JOHANNESBURG, Nov 10 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on...
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BRIEF-Telkom SA SOC Says H1 HEPS To Increase By 15% To 25%
Nov 3 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* TELKOM SA SOC LTD - PERFORMANCE WAS SOUND DESPITE A DIFFICULT TRADING ENVIRONMENT DUE TO ADVERSE IMPACT OF COVID-19 ON ECONOMY* TELKOM SA SOC...
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Netflix turns to telecoms tie-ups in challenging African markets
By Duncan Miriri NAIROBI, Oct 20 (Reuters) - Netflix Inc NFLX.O is showing more African-made content and working with telecoms operators to make it easier for potential subscribers to make...
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Vodacom and Rain confident roaming deal would withstand repeat scrutiny
JOHANNESBURG, Oct 15 (Reuters) - South African mobile operators Vodacom VODJ.J and Rain are confident their roaming tie-up does not contravene competition regulations, they said on Thursday...
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UPDATE 2-South Africa to launch long-awaited tender for mobile broadband spectrum
* ICASA to hold country's first-ever spectrum auction by end March* Closing date for interested bidders to register is Dec.28* Mobile operators to keep temporary spectrum till end March...
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FOCUS-Pandemic spurs Africa's mobile telcos to ramp up banking bid
* Coronavirus prompts shift to digital financial services * Major telcos accelerate plans to capitalise on disruption * Already well-placed to capture massive unbanked market * Regulation,...
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BRIEF-Telkom SA SOC Enters Payment Plan With South African Revenue Services To Pay Outstanding Liability Of R870 Mln
Sept 18 (Reuters) - Telkom SA SOC Ltd TKGJ.J :* TELKOM SA SOC LTD - ENTERED PAYMENT PLAN WITH SOUTH AFRICAN REVENUE SERVICES (SARS) TO PAY OUTSTANDING LIABILITY (INCLUDING INTEREST) OF...
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