The Telkom board says its court application to block a Special Investigating Unit (SIU) probe into its historic transactions does not mean it tolerates corruption. On Wednesday, the chairperson of …
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TELKOM
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BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunications
Rain withdraws Telkom merger statement, says to submit a formal proposal
Rain Data-only network provider withdrew its media announcement of a plan to merge with Telkom after the move was condemned by the Takeover Regulation Panel (TRP) as unlawful. On Thursday …
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Despite investing heavily in growing its mobile subscriber base, Telkom has been losing market share against Vodacom and MTN over the last five years. In the nineties and early 2000s, …
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BusinessInformation TechnologySouthern AfricaTechnologyTelecommunications
Rain asked to withdraw press statement proposing Telkom merger
Rain has been instructed by the South Africa’s Takeover Regulation Panel has to withdraw a press statement regarding a proposed merger with Telkom. Rain announced on Thursday afternoon that it …
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Mobile Telecommunications Network (MTN)Southern AfricaTechnologyTelecommunications
Rain request revision of Telkom bid, proposes companies be merged
Rain has formally requested to present the Telkom board with a proposal to merge the two companies. “Although the terms of such a transaction such as valuation and structure would …
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AfricaInformation TechnologyNewsSouth AfricaSouthern AfricaTechnologyTelecommunications
Openserve Splits From Telkom South Africa
Openserve, a South African wholesale network infrastructure provider officially split from its parent Telkom Group on Wednesday, according to an announcement from Telkom. As part of its Q1 SENS announcement, …
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BusinessSouthern AfricaTechnologyTelecommunications
Telkom under pressure as share prices falls by 3%
Telkom is facing pressure on its profit margins as share price falls by more than 3% on Tuesday morning after the company reported a revenue decline. In a trading statement, …
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Telkom is in the process of auctioning off the unused commercial property in its real estate portfolio, with the next batch of buildings set to go under the hammer in …
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The South African Information and Communications Technology (ICT) space saw a major shake-up last week, after mobile operator MTN South Africa announced it was in talks to buy Telkom. Both …
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AirtelEastern AfricaEconomySafaricomTelecommunications
Safaricom unveils 2nd phase of M-Pesa Merchant Interoperability
Kenya’s largest telco Safaricom Plc has announced that mobile network operators Kenyans can now make direct mobile money payments to an M-PESA Pay Bill Number from Telkom and Airtel networks. …