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23
Oct 2002 |
SBC Communications and Telekom Malaysia might be obliged to retain their stake in Telkom SA after the sale of shares in the telephone company, Reuters said, citing Telkom.
"It is normal in an initial public offering process that there be some period of time in which players that are involved agree to remain involved", SBC's chief operating officer Shawn McKenzie said.
Houston-based SBC and Telekom Malaysia paid $1.26 billion for 30 percent of Telkom in 1997. South Africa plans to sell 20 percent of th... |
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20
Oct 2002 |
Telkom continued to regard the use of telephone systems that allowed companies to bypass the utility's landlines in favour of the cellular network as illegal, it said this week.
This comes after the utility agreed to stop threatening companies using switchboard systems that route calls to cellphones via the two GSM cellular networks as a cost-efficiency measure.
In terms of the agreement with the Independent Cellular Service Providers' Association of South Africa (ICSPA), Autopage Cellular, Nashua Mob... |
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18
Oct 2002 |
[Johannesburg, 18 October 2002] - Telkom has backed down from threats to disconnect equipment that enables companies to route their phone calls over cheaper cellphone networks.
Business Day reports that the retreat comes in the face of threatened legal action by the Independent Cellular Service Providers' Association (ICSPA).
ICSPA applied for an interdict after Telkom threatened to disconnect the equipment of several companies. The action has forced Telkom to retreat and agree not to disconnect any f... |
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11
Oct 2002 |
No, you won't get a shock when your next phone bill arrives - Telkom has not been charging an extra 77 cents for every local call dialled without a local area code, as alleged in an e-mail hoax this week.
The "Shafted again by Telkom" e-mail caused panic in businesses and homes countrywide, but the organisation's consumer sales and marketing managing executive Thami Magazi dismissed it as "totally incorrect".
"A local call is any call within a 50km radius and the call charge is the same regardless o... |
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10
Oct 2002 |
Communications minister Ivy Matsepe-Casaburri will seek detailed information from Telkom chairman Nomazizi Mtshotshisa on the case the telecommunications utility lost to US software supplier Telcordia, which is likely to cost Telkom R1.5 billion in claims.
Robert Nkuna, Matsepe-Casaburri's spokesperson, said this week: "The minister will also raise the issue of the Communications Workers Union [CWU] calling for the establishment of a commission of inquiry" into the deal.
The French-based Internationa... |
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10
Oct 2002 |
It would be so boring to write about an initial public offering (IPO) of Telkom shares on the stock market that never happened.
It has been a long time coming. Much has been said and written about it for at least four years. So recycled and exhausted are the terms used that Telkom recently gained "the country's most trusted brand" accolade, although users of Telkom's telephone services may frown at such a tag. Even aspiring customers would hold different views on the issue of "most trusted brand".
But... |
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9
Oct 2002 |
Investment companies of unions affiliated to Cosatu would buy Telkom shares when the telecommunications utility was listed if they found them to be a good investment, two of the companies said yesterday.
They were responding to an assertion by Cosatu president Willie Madisha in an interview with Business Report at the weekend that union investment companies should not buy Telkom shares.
Cosatu, whose investment company is Kopano Ke Matla, is opposed to the state's privatisation policies.
Madisha s... |
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9
Oct 2002 |
The launch last week of the Telkom share education campaign commits the government to the listing of the parastatal before the end of March next year.
Some will argue that market conditions - both here and in the United States, where Telkom shares are to be listed - are hardly conducive for a successful listing.
But there is some upside, as the government has pointed out. For one thing, listing into a weak market means that many people will have the opportunity to buy shares at an affordable price. ... |
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4
Oct 2002 |
The government yesterday launched its two-month public education campaign to create awareness about Telkom's initial public offering (IPO) - a move that leaves no doubt the utility will be listed this fiscal year.
The state plans to use the IPO to raise a huge portion of the R12 billion earmarked for the treasury to come from privatisation and to create a benchmark for future IPOs.
The government owns 65 percent of Telkom. The company is valued at more than R60 billion, including its 50 percent stake... |
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4
Oct 2002 |
Telkom has lost an international ruling in a multimillion-dollar case against a US software maker.
Telcordia said yesterday an international arbitrator had ruled in its favour in a dispute with Telkom.
Telkom, of which the SA government plans to sell about 20%, has been in a battle with its former supplier after it terminated a Telcordia contract in 2001.
Telcordia sought damages of about $130-million (R1,35-billion) from Telkom, which filed counter-claims for almost three times that amount.
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4
Oct 2002 |
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A dispute between Telkom and US systems company Telcordia seems to be turning against the operator and could see it pay out up to R1.5 billion in damages. This amounts to more than half the profit it posted in the last f... |
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3
Oct 2002 |
More than 100,000 jobs had been lost in the major sectors due to privatisation, a labour analyst said yesterday.
Jackie Kelly of Andrew Levy Publications said her company's annual retrenchment survey showed that 2.3 percent of jobs were eroded every year since 1989, mostly because of privatisation.
She was reacting to labour federation Cosatu's claims that thousands of jobs had been shed in the past few years because of the restructuring of state-owned enterprises, including Telkom, Eskom, Denel and T... |
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1
Oct 2002 |
Many people are unemployed in this competitive world because the level of training and education is so poor and it does not reach the masses.
The public has been placed at the mercy of Telkom, an organisation that seems not to care for the ordinary people of South Africa.
It carries on charging them whatever it likes. Surely someone in the government has caught on to this.
Every so often, I read complaints in the newspapers about "Telkom's absolute monopoly".
When is this all going to end? I... |
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30
Sept 2002 |
Johannesburg - About 2 000 Telkom workers faced dismissal as the parastatal prepared for listing on the New York Stock Exchange early next year, the Communication Workers Union said on Monday
Addressing reporters in Johannesburg, CWU president Joe Chauke said: "This retrenchment, in our view, is in preparation for that listing."
He said Telkom had already retrenched 20 000 workers since 1999 as part of its privatisation programme.
"In the current situation, where poverty levels are high, how can p... |
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30
Sept 2002 |
Johannesburg - The most loved brand name in South Africa is Telkom, a new survey has found.
The Sunday Times-Markinor Top Brands Survey has also found that Coca-Cola, Telkom and Eskom are the three most admired companies, while nine out of ten South Africans are able to identify the Aids red ribbon logo correctly.
Vodacom and Absa have risen into the top 10 most admired companies, with OK Bazaars and Edgars falling out.
With a brand relationship score of 19% Coca-Cola came in first followed by Te... |
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