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12
April 2006 |
Johannesburg - Members of the Communication Workers Union (CWU) at Telkom (TKG) are planning to down tools on April 18 and 19 after rejecting Telkom's latest wage offer.
Talks between the two sides remain deadlocked after failing to make any headway at a meeting in Centurion near Pretoria on Tuesday.
CWU said it had indicated to Telkom at the meeting that its offer of April 6 was unacceptable.
"We did, however, make an endeavour which in our view would bring parties closer, without compromising o... |
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12
April 2006 |
Johannesburg - Second National Operator (SNO) black economic empowerment (BEE) shareholder Nexus Connexion has invited other companies to participate in opportunities around the new operator, which expects to launch its services in competition to Telkom later this year.
Nexus, which owns a 19% stake in the SNO, took out an advertisement in the weekend media calling for other BEE companies to register their interest on its website.
Chairperson Kennedy Memani says Nexus' role is to contribute to ensuri... |
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10
April 2006 |
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10
April 2006 |
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10
April 2006 |
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10
April 2006 |
BY PAUL VECCHIATTO, ITWEB CAPE TOWN CORRESPONDENT
[Cape Town | ITWeb, 10 April 2006] - Second tier telecommunications operators are worried about the timing of Telkom's R30 billion upgrade plan and believe it could entrench its anti-competitive behaviour.
Last week, the country's only fully operational licensed telecommunications utility announced that about half of the planned expenditure would be on a new generation network, saying the expenditure would take place over five years.
“The size of ... |
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10
April 2006 |
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8
April 2006 |
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7
April 2006 |
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7
April 2006 |
DESPITE reaching a record high at the opening yesterday, the JSE ended in the red, failing to recoup losses sustained when the rand broke below R6 to the dollar even though the currency reversed course. Telkom led the market’s downside.
The all share index closed 0,26% lower at 20631,27 — more than 200 points weaker than its record high of 20863,689 reached in opening trade.
Industrials shed 0,65%, with the financial and banks indices falling 0,76% and 1,35% respectively.
Higher commodity prices ... |
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7
April 2006 |
Presenter: Lindsay Williams Guest(s): Ian Timmerman
Telkom announces they will be keeping their cash to re-invest in the business, rather than giving it to shareholders. Classic Business Day gets Ian Timmerman from the treasury department at Telkom into the studio to talk about the announcement that sent the Telkom share down 7% on the JSE
LINDSAY WILLIAMS: Some people have golf days, others have analyst days - I bet Telkom wishes today was a golf day - at the end of trading their JSE share price ... |
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7
April 2006 |
Robyn Chalmers
TELKOM has unveiled a R30bn investment and acquisition strategy which will deliver a sophisticated broadband network within five years and establish the telecommunications group in three countries outside SA.
The new strategy — which is in response to Telkom facing real competition for the first time in its history — was slammed by the market. The share fell 7,7% to R148,50 as analysts expressed concerns about the impact of the plan on dividends, and also about Telkom cutting its forec... |
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7
April 2006 |
BY IAIN SCOTT AND MARTIN CZERNOWALOW
[Johannesburg, 7 April 2006] - Jitters over Telkom's R30 billion spending plan wiped almost R7 billion off the fixed-line operator's market capitalisation yesterday.
Dealers say Telkom's announcement to analysts yesterday that by 2010 it would spend up to R30 billion on infrastructure upgrades dampened hopes for large dividend payouts in the future.
This was the main factor in the share's 7.7% fall from R160.65 to R148.30. Telkom, which started the day with a... |
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6
April 2006 |
JOHANNESBURG (Reuters) - South Africa's phone company Telkom plans a 30 billion rand capital investment to boost its fixed-line over the next five years, the company unveiled in notes ahead of a presentation to analysts on Thursday.
State-controlled Telkom, Africa's biggest telecoms company, said on its website that it would be presenting an outline of its business strategy to members of the investment community at an investor day in Pretoria.
Telkom has a 50 percent stake in mobile phone business Vod... |
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6
April 2006 |
06/04/2006 08:07 AM
Johannesburg - South Africa's phone company Telkom plans a R30bn capital investment to boost its fixed-line over the next five years, the company unveiled in notes ahead of a presentation to analysts on Thursday.
State-controlled Telkom, Africa's biggest telecoms company, said on its website that it would be presenting an outline of its business strategy to members of the investment community at an investor day in Pretoria.
Telkom, which did not provide further details of this ... |
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