Sector: Telecommunications
The company is available at Interactive Brokers
Telkom SA (JSE:TKG) is a leading information and communications technology (ICT) services provider in South Africa. The company's mission is to seamlessly connect people to a better life. The company carries this through in all its brands, whether at the consumer, business or wholesale level.
Telkom SA’s organisational structure includes the following business units:
Telkom Consumer (division)
Telkom Consumer includes both fixed and mobile broadband services as well as voice technology.
Openserve (division)
Openserve is at the heart of connectivity and has successfully built and run high-speed broadband networks that link banking systems, hospitals and schools.
Small and Medium Business (division)
Telkom Small and Medium Business focuses on small and medium-sized enterprises within Telkom and includes data and voice connectivity, information technology services and marketing services.
BCX (owned subsidiary)
BCX is Africa’s premier end-to-end digital solutions partner, and helps enterprises to future-proof their business.
Yellow Pages (owned subsidiary)
Yellow Pages delivers commercial search solutions and integrated, effective advertising and marketing, especially for the SME market.
Gyro (owned subsidiary)
Gyro is structured to provide three business services – masts and towers, property management services and property development. Certain properties and all masts and towers were sold to Gyro Properties and Gyro Masts and Towers respectively.
Semi-Annual values ($m)
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FCF ($m)
Net Debt / Cash and Equivalents ($m)
EV / EBITDA
Potential dynamics
Post offices across the country are in a state of disarray. What do South Africa’s main political parties intend to do about it?
2024-04-26 11:38 +02:00
David Frankel played a pioneering role in the commercial development of the internet in South Africa. He’s our guest on TCS Legends.
2024-04-23 18:27 +02:00
To attract new customers in a tough economy, Telkom has launched a new prepaid fibre solution for R99/week.
2024-04-22 12:48 +02:00
The Association for Comms & Technology has warned government against rushing operators into switching off legacy networks.
2024-04-22 11:47 +02:00
Telkom shareholders will soon vote on a plan to sell the group’s towers and masts to a consortium led by private equity firm Actis.
2024-04-22 10:17 +02:00
The Internet Service Providers’ Association has raised concerns about the planned cuts in fixed call termination rates.
2024-04-16 09:29 +02:00
Telkom is hiking prices across many of its retail and small business products, including fibre and DSL internet services.
2024-03-28 13:59 +02:00
Telkom is establishing a technology committee at board level, which will be headed by director Herman Singh.
2024-03-27 13:04 +02:00
Cell C has improved, but MTN and Vodacom still dominate network experience ratings in the latest OpenSignal report.
2024-03-27 11:25 +02:00
A consortium has signed a deal to acquire Western Cape fibre network operator Octotel from Actis.
2024-03-25 12:10 +02:00
Icasa has proposed slashing mobile and fixed call termination rates by as much as 83% over the next 16 months.
2024-03-22 12:33 +02:00
Telkom has reached an agreement sell Swiftnet in a deal that gives the towers unit an enterprise value of R6.75-billion.
2024-03-22 07:33 +02:00
Private equity firm Actis is in talks to buy Swiftnet, the mast and tower business owned by Telkom, sources said.
2024-03-20 13:58 +02:00
User reliance on legacy 2G and 3G networks is constraining the ability of network operators to migrate to newer technologies.
2024-03-20 13:48 +02:00
Internet service providers serving Africa have been forced to send their traffic via elaborate detours.
2024-03-20 07:28 +02:00
As much as 25% of home fibre broadband infrastructure in South Africa is being duplicated, according to a new report.
2024-02-27 09:54 +02:00
Gauteng premier Panyaza Lesufi has promised a “smart province”, efficient service delivery and an end to e-tolls.
2024-02-20 16:09 +02:00
The popularity of airtime advances is growing as consumers come under mounting financial pressure.
2024-02-20 12:12 +02:00
Telkom has reported a 2% year-on-year improvement in revenue in the third quarter of its financial year.
2024-02-19 08:28 +02:00
Three SABC executives allegedly concealed a profit share clause in an agreement related to the launch of SABC+.
2024-02-13 10:42 +02:00
Senior management changes have been announced at MultiChoice Group and MTN South Africa.
2024-02-01 18:02 +02:00
Telkom said close collaboration with the police, aimed at nailing cable thieves, is achieving solid results.
2024-01-29 11:13 +02:00
Telkom on Monday renewed a “cautionary notice” to investors, saying it remains in exclusive talks with a preferred bidder.
2024-01-08 15:57 +02:00
Foreign investor interest in Ethiopia’s telecommunications sector is cooling, sector experts have said.
2023-12-19 08:19 +02:00
The Special Investigating Unit and Telkom were in court again on Monday.
2023-11-27 16:24 +02:00
Telkom has signed a number of agreements with Google that have secured it a revenue pipeline of nearly R1-billion.
2023-11-22 13:37 +02:00
Telkom has asked Icasa to postpone its next spectrum auction until 2025 because it’s worried it can’t afford to participate.
2023-11-21 20:15 +02:00
Telkom, which has already turned off its 2G network, will likely switch off 3G services soon, too.
2023-11-21 14:37 +02:00
Telkom is engaged in “exclusive negotiations” with a preferred bidder regarding the sale of Swiftnet.
2023-11-21 07:25 +02:00
Telkom shares jumped 8% early on Wednesday after the group surprised with an upbeat earnings forecast.
2023-11-15 09:43 +02:00
Eskom chairman Mpho Makwana will step down at the end of the month and will be replaced in the role by Mteto Nyati.
2023-10-09 19:24 +02:00
IT services firm BCX has launched Alibaba Cloud public cloud services in South Africa under the name ALP Cloud.
2023-10-05 12:28 +02:00
Telkom has appointed Transnet’s Nonkululeko Dlamini as its new group chief financial officer with effect from 1 December.
2023-09-29 16:24 +02:00
Webafrica has agreed to buy Mweb, one of South Africa’s largest and oldest internet service providers.
2023-09-26 16:24 +02:00
Repairs to the Sat-3 cable system are complete, marking the end of repair work on three broken subsea cables.
2023-09-20 20:00 +02:00
Postbank’s legal dispute with payment switch provider has shed light on ongoing troubles in the payment of social grants.
2023-09-16 08:00 +02:00
Rain shareholder African Rainbow Capital Investments has valued the wireless broadband upstart at R22.2-billion.
2023-09-14 10:06 +02:00
Communications minister Mondli Gungubele has lamented the slow pace of “digital transformation” in South Africa.
2023-09-13 11:09 +02:00
Repairs to the cable Ace, one of three subsea systems that broke off Africa’s western coastline, are under way.
2023-09-11 14:25 +02:00
The ISP Association has criticised fibre network operators for making it difficult to switch internet providers.
2023-09-11 09:25 +02:00
Telkom’s infrastructure subsidiary, Openserve, said repairs to two broken subsea cables are under way.
2023-09-05 15:42 +02:00
Value Capital Partners, chaired by former Brait CEO Antony Ball, recently made further big purchases of Altron shares.
2023-08-31 15:46 +02:00JSE:PPH JSE:TBS JSE:BYI JSE:AVI JSE:TKG JSE:KAP JSE:JSE JSE:ADH JSE:SUI JSE:PPC JSE:BAT JSE:ADR JSE:ISA
Vodacom and MTN are in a fight to deliver the best mobile network experience in South Africa, OpenSignal said.
2023-08-31 11:35 +02:00
The Wacs and Sat-3 cables should be repaired next month, according to telecoms companies.
2023-08-24 15:01 +02:00
Telkom appears to need more time than it anticipated to conclude a deal to sell its tower assets.
2023-08-24 13:19 +02:00
MTN South Africa is pushing deeper into financial services, offering funeral cover to South African consumers.
2023-08-24 10:31 +02:00
MTN South Africa is targeting 99% network availability during stage-6 load shedding, the CEO of parent MTN Group said.
2023-08-17 10:18 +02:00
The SIU has filed for leave to appeal a court judgment in favour of Telkom over a probe ordered by President Cyril Ramaphosa.
2023-08-14 15:47 +02:00
MTN South Africa will soon cough up the money still owing to the communications regulator from last year’s spectrum auction.
2023-08-14 11:00 +02:00
Two subsea broadband cable breaks, one on Wacs and the other on Sat-3, have resulted in slow international connectivity.
2023-08-07 17:28 +02:00
Netflix and other international streaming video providers may in future require operating licences in South Africa.
2023-08-04 16:19 +02:00
Telkom has appointed former Idols SA judge Randall Abrahams, 54, as group executive for digital solutions.
2023-08-04 14:09 +02:00
South Africa’s telecommunications operators expand on their plans for frequencies in the digital dividend bands.
2023-08-04 11:48 +02:00
Telkom’s Openserve has grown the number of homes passed with its own fibre broadband infrastructure to 1.1 million.
2023-07-31 09:55 +02:00
Earnings are still under pressure, but the top line has grown nicely in Telkom’s most recent quarter ended 30 June 2023.
2023-07-31 09:12 +02:00
Telkom is doubling down on its demand that it should continue to qualify for asymmetric mobile termination rates.
2023-07-28 14:22 +02:00
Government isn’t interested in selling its 40% stake in Telkom, the communications minister has said.
2023-07-26 12:19 +02:00
Telkom’s board has rejected an acquisition proposal from a consortium that includes its former group CEO, Sipho Maseko.
2023-07-07 15:50 +02:00
Cell C has appointed Rachael Ayo-Oladejo as chief of staff, strategy and business transformation, reporting to CEO Jorge Mendes.
2023-07-04 11:55 +02:00
Vodacom Group affiliate Safaricom has appointed MTN’s Wim Vanhelleputte as CEO of its Ethiopia business.
2023-06-27 16:58 +02:00
Simo Mkhize has been appointed chief commercial officer of Telkom’s consumer and small business division.
2023-06-22 11:43 +02:00
While Telkom’s mobile business has made good strides in recent years, its IT business, BCX, has been struggling.
2023-06-15 15:41 +02:00
In the past six months alone, at least 1 800 batteries – costing on average about R250 000 each – have been stolen.
2023-06-14 14:38 +02:00
Telkom CEO Serame Taukobong said his company did not need saving, even as suitors begin lining up.
2023-06-13 15:36 +02:00
Telkom is just weeks away from announcing the sale of its masts and towers business.
2023-06-13 13:35 +02:00
MTN Group on Tuesday hinted strongly that it remains interested in buying Telkom.
2023-06-13 11:13 +02:00
Telkom has decided to hit pause on dividend pay-outs for longer than expected as it battles tough market conditions.
2023-06-13 08:23 +02:00
Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.
2023-06-12 15:56 +02:00
A possible bid by a consortium that includes former CEO Sipho Maseko to buy a stake in Telkom is still at an exploratory stage.
2023-06-12 10:36 +02:00
Icasa said it will soon publish a request for proposals to appoint a consultant to assist with its next broadband spectrum auction.
2023-06-09 11:23 +02:00
Telkom shares rose as much as 8.9% on Monday morning after a report said Sipho Maseko is spearheading a possible bid to buy 35% of the group.
2023-05-29 12:23 +02:00
The head of South Africa`s struggling Transnet freight rail unit Sizakele Mzimela on Thursday confirmed her resignation from the state-owned logistics firm, days after the group CEO also announced plans to step down.
2023-10-05
The South African government is close to announcing a deal with partly state-owned telecoms firm Telkom, communications minister Mondli Gungubele said on Tuesday, quashing speculation the government might sell its 40% stake in the company.
2023-07-25
South Africa`s rand strengthened on Friday as the dollar weakened after U.S data showed job growth slowed more than expected in June.
2023-07-07
South Africa`s Telkom said on Friday it had rejected an offer led by its former CEO to buy a majority stake in country`s third biggest telecoms company, sending its shares down 7%.
2023-07-07JOHANNESBURG (Reuters) -South Africa`s Telkom could start the sale of a minority stake in its core fibre business by March, it said on Tuesday, as part of a slew of measures it announced to unlock value and shore up profits, pushing its shares up 7%.
2023-02-14
South African telecoms group Telkom said on Tuesday its third-quarter core profit declined by 13.5% as crippling power cuts inflated costs and impacted its service revenue.
2023-02-14
South African telecoms operator Telkom is to rein in spending to cope with rising costs after reporting a 17.9% fall in half-year core profit.
2022-11-23
South African mobile group MTN is in talks to buy smaller rival Telkom in a stock or cash-and-shares deal that would leapfrog market leader Vodacom Group.
2022-07-15
JOHANNESBURG (Reuters) -South African mobile group MTN is in talks to buy smaller rival Telkom in a stock or cash-and-shares deal that would leapfrog market leader Vodacom Group.
2022-07-15
* Likely to face push back from regulators (Adds context, analysts)
2022-07-15
South Africa`s Telkom SA has reached an out-of-court settlement with the country`s telecoms regulator, ICASA, it said on Friday, bringing an end to the legal wrangling over the licensing of high-demand spectrum.
2022-04-08
South Africa`s MTN Group said on Friday it has opposed a court application by rival Telkom SA seeking to halt a spectrum auction, in bid to prevent further delays to a process that has been stuck in a bureaucratic and legislative maze for years.
2022-01-07
South Africa`s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country`s rollout of 5G and expansion of 4G capacity already held back by legal action.
2022-01-05
South Africa`s telecoms regulator, ICASA, said on Wednesday it will license provisional radio frequency spectrum to prevent any connectivity disruptions while it finalises a permanent auction, which has been mired in court battles.
2021-11-10
South Africa`s rand dropped back on Tuesday, losing ground won earlier in the week, as damaging local power cuts were scheduled to continue until the weekend and investors awaited key U.S. inflation data to gauge the Federal Reserve`s next move.
2021-11-09JOHANNESBURG (Reuters) -South Africa`s Telkom is considering options to boost its technology division, including a partnership or acquisition, it said on Tuesday, after weaker-than-expected results at the company`s mobile business hit its shares.
2021-11-09South Africa`s two biggest mobile operators, MTN and Vodacom, have joined number three Telkom in a lawsuit to stop the regulator withdrawing temporary frequency spectrum assigned at the start of the COVID-19 outbreak.
2021-10-18
South Africa`s Telkom on Wednesday called on regulator ICASA to create new spectrum licensing auction rules that were "fair and transparent", after the watchdog consented to a court order declaring the previous process flawed.
2021-09-08
South African telecoms regulator ICASA said on Tuesday it would comply with a court order and halt a long-delayed spectrum licensing auction after failing to reach a settlement with mobile operators.
2021-09-07
South Africa`s third-biggest telecom company Telkom said on Wednesday it has appointed the head of its consumer business, Serame Taukobong to be group Chief Executive Officer designate with effect from Oct. 1.
2021-08-04
Shares in South Africa`s Telkom slumped on Friday after the company announced that CEO Sipho Maseko would step down at the end of June next year after more than eight years at the helm of the country`s third-biggest telecoms provider .
2021-07-23The former chairman of state-owned South African utility Eskom and widely admired businessman Jabu Mabuza has died from COVID-19 complications on Wednesday, his family announced.
2021-06-16
South Africa`s telecoms regulator said on Friday the ongoing negotiations with two companies over litigation related to the government`s proposed spectrum auction will be resolved by the end of August.
2021-06-11
A South African judge said he had halted the radio frequency spectrum auction planned this month by regulator ICASA because he deemed the process unlawful and irrational.
2021-03-12
South Africa`s telecoms regulator ICASA will appeal a court order restraining it from proceeding with auctioning much needed-spectrum, it said on Tuesday.
2021-03-09South Africa`s high court on Monday ordered telecoms regulator ICASA to halt an auction of radio frequency spectrum licences pending a hearing on contentions raised by operator Telkom and broadcaster e.tv.
2021-03-09
South Africa`s telecoms regulator on Monday pushed back the announcement of the qualifying bidders for its long-awaited auction of new spectrum by a month to March 23, just a week before the sale had been due to be completed.
2021-02-22
South Africa`s telecoms regulator said on Friday it will challenge a court application by MTN Group seeking to review or scrap the regulator`s auction process for awarding spectrum vital for rolling out 5G technology.
2021-01-29South African mobile network operator MTN Group has asked the Gauteng High court to scrap or review the telecom regulator`s auction process for awarding spectrum vital for rolling out 5G technology.
2021-01-29Since Baron Julius Reuter first used carrier pigeons to deliver stock market prices in 1850, speed has been at the heart of Reuters News. From the siege of Mafeking to the fall of the Berlin Wall to Facebook’s IPO, Reuters has been fast and first on the biggest news stories around the world for nearly 170 years.
2020-10-21
* ICASA to hold country`s first-ever spectrum auction by end March
2020-09-30
South Africa`s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
2020-08-02Vodacom Group plans to create a `super app` in partnership with digital payment provider Alipay, part of China`s Alibaba group , to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
2020-07-20South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister told the local eNCA news channel on Sunday.
2020-07-19
South African telecoms provider Telkom suspended dividends for three years on Monday, aiming to conserve cash after a 66% slump in full-year earnings and ahead of this year`s planned auction of radio frequencies.
2020-06-22
South African telecoms firm Telkom said on Monday its earnings in the year to March may have fallen by as much as 70% due to one-off costs relating to job cuts and the impact of the coronavirus pandemic.
2020-06-15
South Africa`s MTN , Vodacom and Telkom have been granted additional emergency spectrum to deal with a spike in data demand during the coronavirus outbreak, the country`s telecoms regulator said on Friday.
2020-04-17
South Africa`s Telkom , Samsung and the government have teamed up to develop a track and trace database to identify the whereabouts of people who may have contracted coronavirus.
2020-04-02
South Africa is considering giving telecoms companies increased spectrum, or airwave capacity, as millions of people switch to home working, testing networks and driving up data traffic, the communications minister said on Wednesday.
2020-03-25
South African telecoms firm Vodacom Group has agreed to reduce the cost of its data offerings by as much as 40%, following a finding that the country`s mobile data prices were the highest on the continent, the watchdog said on Tuesday.
2020-03-10
South African unions on Wednesday argued in court that telecoms provider Telkom had failed to properly consult on the terms of voluntary redundancy and early retirement packages offered to workers as it looks to cut thousands of jobs.
2020-02-26
South Africa`s Communication Workers Union (CWU) is angered by Telkom`s plan to cut up to 3,000 workers, it said on Sunday and called for an urgent meeting with the ruling party and the minister of communication.
2020-01-19South African telecoms company Telkom SA told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services.
2020-01-15
A South African telecoms company backed by investment firm Remgro plans to expand its high-speed broadband network after completing a 16 billion rand ($1 billion) debt restructuring this week.
2019-12-20
* Vodacom, MTN may face prosecution if they don`t comply (Adds details of report, share price, MTN and Vodacom comment)
2019-12-02South African telecoms company Telkom SA said on Friday its takeover bid for Cell C had been rejected, a move that comes after its larger but troubled rival expanded a roaming agreement with African giant MTN Group .
2019-11-29
South African telecoms company Telkom SA said on Friday its takeover bid for Cell C had been rejected, a move that comes after its larger but troubled rival expanded a roaming agreement with African giant MTN Group.
2019-11-29
South Africa`s Telkom SA said on Friday it was in talks about a potential takeover of Cell C, the country`s third biggest mobile carrier, hitting shares in Cell C majority shareholder Blue Label Telecoms.
2019-11-15
South Africa`s Telkom SA said on Tuesday it was in discussions over a potential acquisition even as a spike in debt costs pushed half-year profits down by more than a third.
2019-11-12
* Mobile revenue up almost 57% (Recasts, adds CEO interview, detail, shares)
2019-11-12
* Mobilie service rev boosted by 85.9% rise in active subscribers
2019-05-27
South Africa`s mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered to black investors.
2019-05-13
South African mobile network operators Vodacom and Telkom on Wednesday welcomed a government decision to withdraw a bill, which proposed taking back licensed spectrum from operators and forcing them to share a national network.
2019-02-13
South Africa`s rand firmed against a weaker dollar on Wednesday after U.S. midterm elections split Congress, lowering the chance of any major U.S. fiscal policy boost soon.
2018-11-07
