Advertising fibre to everyone unable to get it.
Telkom has unveiled a partnership with Usain Bolt, who holds the 100m world record, to promote its fibre-to-the-home products. In an advertisement titled “Fast just got faster”, the company informs readers they can now “experience Boltspeed with Telkom fibre”. Telkom’s website does not contain any information about the “Boltspeed fibre” product, and it is assumed the company is promoting its 100Mbps service.... Read more
Price war to remain a South African pipe dream however.
Telkom’s possible acquisition of Cell C would result in a stronger competitor to Vodacom and MTN, according to Boyd Chislett, the MD of the soon-to-be-closed cellular service provider Altech Autopage. Telkom on Monday issued a market update in which it confirmed its intention to buy Cell C after reports about talks between the two companies surfaced earlier this year. Dubai-based Oger Telecom has a 75% stake in Cell C.... Read more
And cut staff hit by no earnings.
If the R1.5 billion paid by Telkom for voluntary severance packages is excluded, the company's interim results show a rise in headline earnings per share (HEPS) of 13.9% to 280.6c. However, when the hefty bill for the voluntary severance and retirement packages of over 3 100 staff are included, the figures look a lot different. HEPS are actually down 65% to 69.9c, while basic earnings per share fell 45% to 110.4c. The group also saw an almost 44% decline i... Read more
High usage takes mega bites out of wallets.
The success of mobile operators will be heavily pinned to data revenue growth going forward, and for Vodacom it's all about getting more smart devices into customers' hands and encouraging the use of video-on-demand (VOD) and streaming services. "We are finding that if we put a 3G device into people's hands, we see almost a trebling of data immediately, and if we put a 4G device into a customer's hands, even if they have been using 3G, it's a doubling of d... Read more
Shareholders can buy the expensive tipple this holiday.
Vodacom has performed far more consistently on the stock market than its two principal listed rivals, MTN and Telkom, generating a positive return for shareholders over not only the past 30 and 90 days, but also over a one-year and five-year period. The worst performer over all five periods has been MTN, which has consistently underperformed its rivals.... Read more