More than 200 ex-Telkom staff have been issued with consultation letters at their new employer WNS. In June, Telkom announced a restructuring process in which it planned to offer 4 400 employees voluntary severance or early retirement packages. Telkom further said it planned to transfer another 3 400 employees to outsourced companies. One such company that received 255 former Telkom staff this year was WNS, a business process outsourcing firm. But on Thurs... Read more
Although doubtful seeing Telkom is involved.
South African consumers might benefit from a price war in the mobile space should the acquisition of Cell C by Telkom happen as the new entity would have more muscle to battle Vodacom and MTN, analysts said yesterday. This comes after Telkom issued a cautionary that it was in talks. Industry insiders said yesterday that the two parties were battling to agree on a price tag. Telkom is offering R18 billion while Cell C shareholders want a R22bn offer. ... Read more
Affluent areas only need apply, thank you.
Within the next three years, Telkom will have deployed fibre-optic broadband infrastructure past a million homes, CEO Sipho Maseko said on Monday. Speaking at Telkom’s annual Satnac conference in Hermanus in the Western Cape, Maseko said the company would aggressively step up its fibre-to-the-home (FTTH) roll-out to provide next-generation broadband to more South Africans. The company is facing a serious threat to its core business of fixed lines from a ... Read more
Achieved without layoffs and retrenchments.
hings are looking up for Telkom’s loss-making mobile phone business as the company on Friday reported stronger revenues. For the quarter ended June 30, Telkom said that its mobile net revenue was up 68.5% to approximately R350m. Telkom Mobile still incurred a loss of approximately R30m during the quarter but the company noted that “this is an 87.9% improvement compared to the prior comparative period”.... Read more
Heartfelt letter for the now-jobless 2,400.
Telkom on Thursday confirmed that almost 2 400 employees’ applications for voluntary severance and early retirement packages have been accepted by the telecommunications operator. Most of these employees will leave Telkom today, Friday. A total of 2 393 people will leave Telkom’s employ, representing 13% of the company’s total workforce. On Thursday afternoon, Telkom CEO Sipho Maseko wrote a letter to the departing employees in which he encouraged th... Read more