Telkom

Telecommunications giant MTN expects half-year profits to the end of June 2023 to rise up to 10%, while its rival Telkom says it expects to increase first-quarter revenue by nearly 4%. The two network providers released trading updates on…

You can also listen to this podcast on iono.fm here. SIMON BROWN: I’m chatting now with Serame Taukobong, CEO of Telkom. Serame, I appreciate the time today. You’ve had a bunch of proposals coming Telkom’s way, the most recent you and…

Former CEO of JSE-listed Telkom Sipho Maseko has been appointed to grocery retail giant Shoprite’s board as an independent non-executive director, the retailer confirmed on Wednesday. Maseko, who was head of Telkom for nine years. was…

Telkom jumped as much as 12% after the state-owned company confirmed it’s received a bid for a controlling stake by a group of investors that includes former chief executive officer Sipho Maseko. The consortium, which comprises Maseko’s…

Africa’s largest asset manager, the Public Investment Corporation, is backing a possible bid led by the former chief executive of Telkom for a 35% stake in South Africa’s third-biggest mobile phone company, according to people familiar…

Telkom has a problem. Its four major businesses – Openserve, Gyro, Business Connexion Group (BCX) and Telkom Consumer – are together worth north of R50 billion. But investors are simply not valuing its parts ‘correctly’, with its market…

Telkom SA has kicked off the sale of a stake in its fiber business, as it seeks to unlock value for shareholders and boost profit. The South African telecommunications group is working with Bank of America Corp to gauge interest in the…

Network operators Telkom and Rain have decided to end talks that would have seen the two companies merge, following an agreement that a suitable deal was not viable. In a statement on Wednesday, ‘big-six’ network provider Telkom, said “the…

Respected business leader Sello Moloko has decided to resign from his position as independent non-executive director and chairperson of the board of directors of telecommunications group Telkom, citing workload reasons as being behind is…

MTN, which is in talks to buy Telkom SA, is questioning a proposal from another telecoms company that’s asked Telkom to acquire it. Rain Group Holdings has offered to sell itself to Telkom in return for newly issued shares, the company…