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26
Nov 2010 |
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Telkom revealed its ADSL user figures at its latest financial results presentation earlier this week. While there's been steady growth over the past few years, the last few months have seen a sharp decrease in new users compared to previous years. And Telkom only has itself to blame for this. The last time ADSL line costs were reduced was way back in 2007, and since then, the price has stayed the same. The fact that users still pay for a separate phone line rental is another bone of contention. According... |
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24
Nov 2010 |
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ANC Members of Parliament delivered a clear message to Telkom last night that it must follow government's telecommunications strategy, as government is the utility's largest shareholder. The message came from two prominent ANC politicians last night, at a dinner in Cape Town hosted by Telkom. The event formed part of the introduction of its new mobile arm, 8ta, and also presented highlights of its future strategy and the release of Telkom's latest results. The dinner was hosted by several key Telkom... |
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24
Nov 2010 |
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There was an air of despondency at Telkom's interim financial results presentation this week. But after several strategic missteps, the group is finally promising to get its house in order. It had better move quickly: rivals are gaining fast. Telkom's results in the six months to 30 September 2010 paint a picture of a company in steady decline. In voice services, in particular, the business is going backwards. The number of fixed lines in service has fallen by more than 160 000 in the past year. And the... |
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24
Nov 2010 |
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The decision by Internet access provider Vodacom to block access to a controversial website containing porn and cyber bullying was welcomed by the Film and Publication Board (FPB) on Tuesday. "It remains within the powers of network providers to take responsible action against identified sites that contain harmful content...by blocking such sites," FPB CEO Yoliswa Makhasi said in a statement. "We call on other Network Providers to follow suit and take stern action in defence of our children and society... |
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23
Nov 2010 |
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A private arbitration has ruled that Telkom must reinstate its former chief of operations Motlatsi Nzeku, who was dismissed in February 2009 for compiling a dossier containing defamatory allegations against the then chief executive, Reuben September, and other senior staff at the company, and releasing it to a newspaper. The ruling, handed down by senior advocate Danny Berger, was made on September 23. The dossier alleged instances of conduct which Nzeku claimed constituted infractions of company policies... |
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23
Nov 2010 |
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Outgoing MTN Group marketing director Santie Botha has become the latest in a growing list of senior executives at the JSE-listed cellphone giant to sell shares worth millions of rand. Botha, who announced recently she would leave the employ of the group, had sold 104 996 shares at R129,04/share, netting her R13,5m. The sale comes just days after MTN SA MD Karel Pienaar bagged R15,4m by selling 122 000 shares. Outgoing group CEO Phuthuma Nhleko offloaded 3,2m shares in the telecommunications group, earning... |
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23
Nov 2010 |
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With a deadline set for the unbundling of the local loop infrastructure, Telkom has begun negotiations with the Department of Communications (DOC) to ensure the terms and conditions of this exercise are also favourable for the fixed-line operator. The local loop, or last mile, is the copper link between the end-user and Telkom's network and is currently owned by the company. The local loop unbundling (LLU) process includes a number of regulatory interventions aimed at providing new market entrants access... |
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23
Nov 2010 |
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Telkom is funding the bulk of the capital cost of rolling out its mobile arm, 8ta, from money it gained selling its stake in Vodacom. Telkom expects to spend a maximum of R6 billion on building a mobile network over the next five years. The company spent R614 million in the first six months of the year and is in the process of constructing 2 000 base stations. Telkom unbundled its 50 percent stake in Vodacom in the middle of last year, selling 15 percent to Vodafone and listing 35 percent on the JSE.... |
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23
Nov 2010 |
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Vodacom will soon have a fresh new brand and marketing image, TechCentral has learnt. Though details are sketchy, it's believed a new - or, at the very least, tweaked - corporate logo and identity are in the offing. Vodacom has become synonymous with its green and blue branding and analysts says it will be instructive to see how much the group changes its brand. Could it adopt parent Vodafone's bright red identity? There are no plans - at least not yet - to change Vodacom's name to Vodafone, says Portia... |
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22
Nov 2010 |
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Just over a month since its unveiling, mobile fledgling 8ta has signed up 186 000 mobile subscribers, taking 0.5 percent of the mobile market. 8ta is the mobile arm of fixed-line operator Telkom, which today released its interim results for the six months ended 30 September 2010. Telkom reported a knock of R205 million relating to 8ta operational expenditure. The fixed-line operator has set aside R6 billion over the next five years for the establishment of its mobile arm. The newcomer has hit the ground... |
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22
Nov 2010 |
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Reflecting on the six months to September, acting Telkom CEO Jeffery Hedberg has acknowledged the company's poor performance is indicative of an organisation under pressure. Telkom today unveiled its interim results, with revenue down 5.4 percent, to R17.6 billion, EBITDA down 0.6 percent, to R5.1 billion, and profit from continuing operations down 9.3 percent, to R1.4 billion. Hedberg, who took up his position in July this year, says the South African telecommunications industry is becoming more... |
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22
Nov 2010 |
http://www.itweb.co.za/index.php?option=com_content&task=view&id=39017&Itemid=
SA's largest fixed-line operator, Telkom, will exit its struggling CDMA business in Nigeria, but could end up spending as much as R1.3 billion to sell out of the unit, which it bought into three years ago. Multi-Links has been a thorn in Telkom's foot ever since the company initially invested in Nigeria, in 2007. The fixed-line operator has written the unit down by more than R5.6 billion since entering the West African country. Telkom bought 75 percent of the company in May 2007, for R1.96 billion. In... |
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22
Nov 2010 |
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Telkoms revenues from voice telephony plummeted in the past year, falling by 19,1 percent to R6,9bn. The fall was only partly offset by a 14,9 percent increase in data revenues. In the six months to 30 September 2010, TelkomҒs overall fixed-line traffic volumes fell 10,8 percent to 10,5bn minutes, from 11,8bn minutes previously. Local call traffic fell 20,2 percent to 2,9bn minutes. And international outgoing calls fell even more precipitously, down 22,5 percent year-on-year, to 238m minutes. It wasnt ... |
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22
Nov 2010 |
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A competitive market and challenging regulatory environment have contributed to Telkom's difficulties in the last six months. However, the launch of 8.ta, Telkom's new mobile service, is anticipated to retain and expand Telkom's customer base while growing revenue for the company. Telkom released its interim results for the six months ended 30 September 2010 today, revealing a 5.3 percent decrease in normalised headline earnings per share from continuing operations to 265.7 cents per share. Group operating... |
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22
Nov 2010 |
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Nokia has a rival in digital music downloads. Vodacom is making a big play in the content space with news that it's introducing a R39/month unlimited music download offer. Vodacom customers have access to full-track music downloads from the company's Vodafone Live service. Downloads from international and local artists will be available. Significantly, consumers are able to keep the music they've downloaded. Standard data rates apply. The service puts Vodacom on a collision course with Nokia. The Finnish... |
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