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9
June 2008 |
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SA's largest mobile telephone operator Vodacom has increased its total number of customers by 12,7 percent to 34 million, Telkom - which jointly owns Vodacom with the UK's Vodafone - said on Monday. Customers increased by 7,9 percent to 24,8 million in SA while customers increased by 29,6 percent to 4,2 million in Tanzania. Customers rose by 25 percent to 3,3 million in the... |
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9
June 2008 |
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Vodacom CEO Alan Knott-Craig, who on Monday made his resignation official, said that it was time to change the company's shareholding structure, arguing that the current structure was limiting its expansion possibilities. South Africa's fixed-line operator Telkom and the UK's Vodafone each owned a 50% stake in the local mobile operator. Knott-Craig explained that it was difficult... |
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9
June 2008 |
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There is unfortunately no war crimes tribunal for ministerial incompetence. If there were, Communications Minister Ivy Matsepe-Casaburri, who announced last week that she would step down in 2009, would be top of my list of indicted incompetents who have done untold damage to our country and economy. I’m not the only one. Matsepe- Casaburri’s announcement was met with glee because... |
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9
June 2008 |
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THE FIRST WIDELY AVAILABLE WiMax service should hit South Africa's streets in August if Wireless Business Solutions (WBS) has its way. Last week WBS announced it was going to start trials with a WiMax service in Gauteng, Cape Town and Durban. CEO Thami Mtshali says the WBS network already consists of 120 base stations and would offer three forms of service. Those would be a... |
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9
June 2008 |
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India's Reliance Communications and MTN were in "advanced stages" of talks to create a global telecoms powerhouse and were nearing a deal, a source close to discussions said Monday. But the shareholding structure under which a tie-up between the two companies - whose operations focus on fast-growing emerging markets - would be concluded still must be finalised, the industry sources... |
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9
June 2008 |
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Telkom chief executive Reuben September on Monday said the proceeds of any potential sales of its assets could either go into further investments or be returned to shareholders. He emphasised though that any exact percentages and details related to the Mvela and Vodafone bids could not be made available as these negotiations were still ongoing and the share price was trading under... |
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9
June 2008 |
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Telkom’s headline earnings per share fell 4.4% to 1,634.8 cents per share for the year to March 31, 2008. Fixed-line domestic local and long distance voice revenue dropped from R7.6 billion at March 31, 2007 to R6.3 billion at March 31, 2008, said Telkom’s chief executive Reuben September. Growth in demand was in the lower margin, wholesale and data markets and this necessitated ... |
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9
June 2008 |
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Telkom (JSE:TKG) missed it's fixed-line EBITDA margin target for 2008 of 37-40%, reporting a margin of 36,3%. Group EBITDA margin also decreased from 38,3% to 36,6% and is mainly "attributable to flat revenue in the fixed-line business". It sees the EBITDA margin declining to between 32 and 36% in the year ahead. ADSL subscribers grew 61% to 412 190, with the company falling short... |
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9
June 2008 |
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Fixed-line operator Telkom would add an extra R2-billion to its R30-billion capital expenditure (capex) programme, that ran from the 2006 to 2010, the company said on Monday. Telkom would invest R1,7-billion over three years in its fixed wireless deployment - the first customers would be connected in September - while the balance would be invested in FIFA 2010 World Cup requirement... |
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9
June 2008 |
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Developments in South Africa's telecommunications sector have much hype in recent weeks with some key players targeted for investment and the promise of changes on the horizon. But are these changes positive? Will the consumer enjoy the most benefit at the end of day? Despite the sudden onset of activity, especially investment activity, in this key sector, it should come as no... |
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9
June 2008 |
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India's Reliance Communications Ltd and South Africa's MTN are negotiating the ratio for a share swap, the Economic Times said on Monday, aimed at creating a global top-10 telecoms firm. "Although both are learnt to have agreed on the broad contours of the deal, they are yet to decide the swap ratio," the newspaper said, citing unidentified sources. Media reports have suggested... |
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9
June 2008 |
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India's Reliance Communications (RCom) and South Africa's MTN have agreed "broad contours" of a deal to create a global telecoms powerhouse but are still working out share swap details, a report said on Monday. Under a deal, RCom would become the largest single shareholder in MTN and the South African giant would be the biggest holding company of the Indian telecoms firm, India's ... |
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7
June 2008 |
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Vodacom last year announced that it would be investing in its own fibre network. This fixed line network investment will both serve the company's own transmission needs and give its new first-tier ISP, Vodacom Business, the ability to provide converged service to corporate clients. Vodacom said that it was now already carrying some traffic over its fibre network and that two of its... |
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6
June 2008 |
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Well-regarded, retired businessman Mark Lamberti this week wrapped up a year of ex gratia service as an independent non-executive director on the Telkom board, during which time he attended 89 meetings. At an average rate of one meeting every four days, this level of involvement suggests Lamberti made a significant contribution to developing a strategy aimed at shaking the... |
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6
June 2008 |
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The decision by emerging telecoms provider Neotel, which unveiled its long-awaited consumer offering late last month, to market the service simply as ‘high- speed’ rather than ‘broadband’ is an indication, some believe, that the group will be bringing a ‘real’ broadband product to market at a later stage. CEO Ajay Pandey revealed that the company hoped to connect between 50 000... |
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