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SA's third-largest cellular operator, Cell C, aims to add at least another five million subscribers to its base in the next few years, says newly-appointed CEO Alan Knott-Craig Snr. Currently, the company had a subscriber base of 9 million customers. Speaking to ITWeb after news of his appointment, Knott-Craig said Cell C is headed for big things, as long as it puts its head down, does what is needed, and does it well,. "If we can do that, I don't think there is anyone that can be considered a threat inhttp://www.itweb.co.za/index.php?option=com_content&view=article&id=50739 |
Earlier local news articles: |
Telkom has decided not to replace stolen copper cables in certain areas frequently hit by copper cable theft, in a bid to stem losses to the company. Copper cable theft cost the South African economy R241 million in 2011. The move prompted Minister of Communications Dina Deliwe Pule to appeal during a recent meeting with Telkom executives to "do the right thing and restore services as soon as possible" to affected subscribers. Byrne Valley and Eston are the latest in a string of areas that have been left ... |
Gauteng residents are set to benefit from 95 percent broadband coverage in the next few years as the province rolls out its Gauteng Link (G-Link) project. Speaking in Mamelodi, Pretoria, this morning, premier Nomvula Mokonyane said during her State of the Nation speech that the project aims to narrow the digital divide, roll out e-government services and grow the economy. "The work currently under way seeks to roll out network infrastructure between 2012 and 2014," she noted. The project, also known as ... |
The Competition Tribunal heard closing arguments this week in the Competition Commission's case against Telkom. The tribunal now has to decide whether the company is to be fined and, if so, what sort of penalty is fitting. If the tribunal imposes a hefty sentence, Telkom has a number of legal options that could still see the process drawn out for several more years. Desmond Rudman, a partner at law firm Webber Wentzel and head of its competition practice group, says the first port of call for Telkom, ... |
Last week Telkom was a lumbering giant stumbling from one bad investment to the next. This week the listed telecommunications operator is a lumbering giant trying to dodge a R4.5-billion fine for alleged anti-competitive conduct, which it says could sink it financially. Telkom's argument is that, because of its overall importance to the state, business and the economy, it is too big to be allowed to fail. But if that is the case, why has it been allowed to squander shareholder value systematically over the... |
Western Cape premier Helen Zille wants every citizen in the Cape Town metropolitan area to have access to 100Mbit/s broadband by 2020. In addition, she wants government buildings and schools to enjoying that sort of connectivity by 2014. Zille made the comments during her state of the province address to the provincial legislature on Friday. The premier says the intention is to create a "special purpose vehicle or public-private partnership" aimed at bringing broadband access to "every school, every... |
Tim Wyatt-Gunning, previously joint CEO of telecommunications company Storm and now CEO of Internet service provider Web Africa, says Telkom should be handed a hefty fine by the Competition Tribunal and that it has by no means reformed its ways as it claims. Storm was one of the companies that lodged complaints about anticompetitive behaviour against Telkom. Telkom has been embroiled in a battle against the Competition Commission over allegations that it charged excessive prices, limited access to essential... |
The sharp decline in Tekom's share price in recent months could pose a challenge for it in its talks with KT Corp to sell 20 percent of its equity to the Korean telecommunications firm. Telkom's share price has fallen significantly in recent months because of disappointing financial results and, more recently, because of investor concerns that it could be forced by the Competition Tribunal to cough up a large fine for alleged anticompetitive behaviour dating back to the early part of the last decade. The ... |
Telkom will need a lot of financial help. This is if it is to meet a R1 billion bond repayment that will mature within the next two months and cope with a possible R4.5bn penalty if found guilty of anti-competition offences. On Wednesday Bloomberg reported that the firm planned to approach international bond markets, for the first time, to source funding to refinance its domestic debt due in April. In the six months to September last year, Telkom's revenue declined 3.2 percent to R16.3bn as a result of ... |
Be warned. Fraudsters are using cellphone SIM swops to access bank accounts in a new scam. Vodacom investigator Francois Groenewald said the fraudsters would send an SMS from a number similar to that from which customers received banking notifications. "The SMS will indicate a problem on your account and a person pretending to be a bank consultant will contact you," he said. "When the consultant contacts you, they will start by confirming the details regarding your account number and then ask you what... |
American Tower Corporation (ATC), the company that acquired Cell C's base station infrastructure last year in a R430m deal, has begun building its own mobile telecommunications towers from scratch in areas where operators have poor coverage. ATC SA CEO Pieter Nel says the company has just completed its first site in Bisho in the Eastern Cape and has already signed three tenants that want to erect radio communications infrastructure on the tower. Nel says ATC has plans to build "hundreds" of new towers... |