Telkom welcomes fee announcement Nov 15, 2009
"Telkom has consistently stated that the company is committed to the process of affordable access to telephony for all South Africans," said Nombulelo Moholi, MD for Telkom SA. "We believe that the reduction in mobile termination rates announced yesterday by the minister is a positive step forward towards the attainment of this goal.". (Business Report, South Africa)
JSE recovers slightly on Dow futures Nov 14, 2009
Telkom SA earlier said that it expects headline earnings per share to be 130 percent and 140 percent lower for the six months ended September 30, while normalised HEPS are expected to be 45 percent and 55 percent lower. Telkom said its HEPS includes the secondary taxation on companies on the special dividend, the compensation expense and the fair value loss on Vodacom shares. (Business Report, South Africa)
The GT-Vodafone Mess: Back to Basics Nov 4, 2009
To buttress this thin evidence, the facts are emphasised that, firstly, there was an indication of a financially superior Telkom SA bid at the time the Vodafone discussions were ongoing; secondly, that Vodafone (as Vodafone Group Services) had already been declared ineligible during pre-qualification; and, thirdly, that the terms appeared to have been arbitrarily improved in favour of Vodafone, through an increase in equity offering and the inclusion of additional assets (notably the... (Ghana Web, Ghana)
Telkom to delist from NYSE Aug 11, 2009
Telkom SA on Friday put a date to its proposed delisting from the New York Stock Exchange. The telecommunications operator said it intends to file a Form 25 with the Securities and Exchange Commission on about 17 August and provide a copy thereof to the NYSE to effect the delisting on about 27 August. (iAfrica.com)
Ghana losses $750m in GT/Vodafone deal? Jul 14, 2009
One such networking arrangement with some South African journalists enabled our investigative desk to discover that Telkom South Africa (Telkom SA) offered about US$750 million more than what Vodafone (UK) offered for shares in Ghana Telecom (GT) ... Information available indicates that Telkom SA had offered $1,650 million to acquire 66. (Ghana Web, Ghana)
Icasa rescinds Telkom deal May 16, 2009
Telecoms giant Telkom SA needs the approval of the country's telecommunications regulator to dispose of its Vodacom shares, the Council of the Independent Communications Authority of SA (Icasa) said on Friday. "Icasa met this (Friday) morning to consider the matter pertaining to the Vodacom- Vodafone transaction. Icasa said that in April 2009, it had decided that the Vodacom-Vodafone transaction did not require its prior approval. "The Authority took its decision in light of the provisions of... (iAfrica.com)
Chinese group buys Telkom Media May 7, 2009
Johannesburg - Telkom's media unit has been sold to Shenzhen Media, Telkom SA said on Wednesday. "Telkom has managed to avert the winding up of Telkom Media by selling its 75 percent interest in and claims against Telkom Media to Shenzhen Media for a nominal amount," Telkom said in a statement. (Business Report, South Africa)
Msimango appointed as acting MD of Telkom Apr 2, 2009
Telkom's new organisational structure became operational on Wednesday with the three major business units of the Telkom Group coming in to being, namely, Telkom SA, Telkom International and Telkom Data Centre Operations. Following last Thursday's announcement that Nombulelo "Pinky" Moholi has been appointed as MD of the Telkom SA business unit from May 2009, Casper Kondo Chihaka, Telkom's acting Chief of Operations, will act as Managing Director of Telkom SA until Moholi assumes her position at... (Business Report, South Africa)
Vodacom, Vodafone tie up Feb 17, 2009
Currently, Vodacom is jointly owned by Telkom SA, which holds a 50 percent stake in Vodacom, and Vodafone, which also holds 50 percent. In terms of the proposed transaction, Vodafone will acquire a further 15 percent of the issued share capital in Vodacom from Telkom. (iAfrica.com)
