Earlier news articles:
Telkom crashes through R30/share as sell-off continues
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Thu 09 Jan, 2020
Telkom fell through R30/share on Thursday as the six-month-long slide in its share price — which has now wiped out more than 70% of its market value — continues. The share fell to as low as R29.66 in intraday trading, giving it a market capitalisation of just R15-billion, down from the R50-billion valuation the market had attached to it in mid-2019 when its shares peaked at R100 apiece. It was trading at R29.85 at 3.49pm, slightly off its worst levels ... Read more
Cell C vows to act against 'syndicates' behind number-porting scams
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Thu 09 Jan, 2020
Mobile operator Cell C has assured customers it will get to the bottom of illegal number-porting scams. The assurance came on Thursday as some customers grappled with having fallen victim to the scam in which a number is effectively “hijacked” and urgent requests for money are then sent to the victim's contacts.... Read more
Telkom hits 5-year low
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Wed 11 Dec, 2019
Telkom’s share price has been hammered over the last six months, and it closed at R40.10 on Tuesday – its lowest in five years. Telkom shares peaked at R99.50 on 11 June, but since then they have more than halved in value as investors lost confidence in the company.... Read more
Please Call Me inventor wants Vodacom to come clean on revenue
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Fri 13 Dec, 2019
Nkosana Makate has launched a court application to compel Vodacom to disclose how much profits it generated from the Please Call Me service. He wants to use this information to determine how much money he is entitled to. ... Read more
Vodacom’s goal to cut data and smartphone prices
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Sat 04 Jan, 2020
Vodacom had a great 2019, reaching a number of important milestones, and has goals to cut prices in 2020, the network told MyBroadband. Its achievements include reaching Level 1 BEE status, increasing its investment in network infrastructure, and reducing the cost to communicate.... Read more
Tower fight to Concourt for Telkom and City of Cape Town
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Mon 06 Jan, 2020
The DA-run metro put its foot down against Telkom, accusing the telecommunications giant of bulldozing its way and erecting the tower in a piece of land zoned only for residential property. Put up in 2016 at a property of Hilda Isabel Kalu in Heathfield, Cape Town, the mast has been a site of legal strife for the last three years. The Supreme Court of Appeal (SCA) ruled in favour of the metro last year.... Read more
Telkom’s move to wireless hits elderly hard
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Sat 12 Oct, 2019
Peter Herlihy, 82, is partially deaf and lives alone in a complex estate in Margate. Herlihy considers himself old school and still uses a cradle telephone, but for the last month it has been quiet because there has been no network from Telkom. Herlihy is one of many Telkom customers who have had their communication cut off by the network provider in recent months.... Read more
Telkom slashes mobile data prices
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Wed 02 Oct, 2019
Telkom has launched new Sim-only mobile data plans for on-the-go customers that dramatically undercut the prices charged by its rivals. The new plans include a 20GB option (plus 20GB of night surfer data for use between midnight and 7am) priced at R355/month.... Read more
Telkom entirely unable to compete in fibre market
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Tue 04 Jun, 2019
Telkom financial results for the year ended 31 March 2019 revealed a massive decline in fixed broadband subscribers – down from 981,176 in March 2018 to 847,650 in March 2019.... Read more
PIC pressured MTN to shake up its board – Report
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Tue 04 Jun, 2019
MTN Group Ltd.’s biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.... Read more
How Telkom’s broadband business has evolved
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Wed 29 May, 2019
Telkom’s broadband business has seen a major evolution over the past few years, and while it may be bleeding legacy fixed-line and ADSL customers, its mobile broadband business is booming.... Read more