Telkom News

Malusi Gigaba, South Africa's Minister of FinanceMalusi Gigaba, South Africa's Minister of Finance

South Africa Weighs State Internet Company Merger

South Africa is considering a merger of state-owned technology companies Broadband Infraco and Sentech to help to accelerate the rollout of high-speed internet to the population within three years, according to two people familiar with the matter.

Shameel Joosub CEO, Vodacom

Vodafone unit mulls bid for South Africa state internet company

Vodafone Group Plc’s South African unit is considering a bid for unprofitable state-owned Internet company Broadband Infraco, as the government works toward the privatization of some assets to boost the country’s finances.

Jabu Mabuza, Chairman, Telkom

Telkom said to seek Cell C for less than $1.6B price

Telkom SA SOC Ltd. is seeking to buy mobile-phone operator Cell C Pty Ltd. for less than the 22 billion rand ($1.6 billion) value placed on the South African company by its owners, according to a person familiar with the situation.

7 Reasons to Be Bullish on MTN Group

South Africa broadband blitz unlocks video-on-demand

A rapid roll-out of fiber optic broadband in upmarket South African neighborhoods has caught the attention of Internet video streaming companies who are racing to capture a slice of a lucrative, untapped market.

Jabu Mabuza, Chairman, Telkom

MTN may have a new competitor in South Africa (Infographic)

Telkom SA SOC Ltd., South Africa’s biggest landline provider, sees a potential acquisition of closely held wireless company Cell C Pty Ltd. as a way to grow its own mobile-phone business.

Johannesburg, South Africa

South Africa's Competition Commission rejects Telkom, MTN deal

South Africa’s Competition Commission has rejected a networking sharing transaction proposed by operators Telkom and MTN South Africa.

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel Kenya is engaged in a mighty battle against Safaricom for Kenya’s growing mobile market. The telecom company is struggling to put a dent in Safaricom’s dominance, but they are getting left behind.

MTN Group - AMTN Group: An interesting way to gain exposure to the African growth story

MTN Group: An interesting way to gain exposure to the African growth story (Infographic)

I came across MTN Group Ltd. (OTCPK:MTNOY) during a stock pitch competition I took part in and won earlier this year. I decided to share my analysis of the security with you today.

COMESA approves Telkom, BCX $216M deal

COMESA approves Telkom, BCX $216M deal

South Africa’s fixed line operator Telkom’s proposed purchase of Business Connexion (BCX) has been approved by the Common Market for Eastern and Southern Africa, which said the ZAR 2.67 billion buyout could proceed.

A pedestrian checks his mobile handset as he passes a giant logo outside the headquarters of MTN Group Ltd. in Johannesburg. Photographer: Nadine Hutton/Bloomberg

American Tower Is Said to Eye MTN's South African Assets

MTN Group Ltd., Africa’s largest wireless carrier, has received interest from American Tower Corp. for at least a part of the network of about 9,000 towers it’s selling in South Africa, according to people familiar with the matter.

Cell C

Cell C Said to Weigh Sale to South African Wireless Carriers

Cell C Pty Ltd. is exploring options for the third-largest South African wireless carrier including a sale to domestic competitors, according to two people familiar with the matter.

MTN

MTN considering acquiring majority stake in South Africa's Telkom in bid to offer fixed-line services

MTN Group may acquire a majority holding in South Africa’s fixed-line incumbent Telkom, in a move aimed at narrowing the gap between MTN SA and Vodacom.

Telecommunications Tower

Telkom said to mull phone tower network sale in South Africa

Telkom SA SOC Ltd., a South African phone company seeking to cut costs on a struggling mobile service, is considering a sale of a network of telephone towers in the country, according to people with knowledge of the matter.

Telkom

Telkom's R2.7B ($234M) acquisition of South Africa's Business Connexion can still go ahead without license swap

Telkom SA SOC Ltd.’s planned 2.7 billion-rand ($234 million) acquisition of South Africa’s Business Connexion Group Ltd. is “100 percent on track” even as the phone company withdrew an application for a license transfer.

Eskom

South Africa to sell Telkom and Vodacom shares to raise $870M for public power utility Eskom

South Africa’s government is planning to inject USD 870 million into public power utility Eskom, and it may sell its stakes in Telkom and Vodacom to raise the money.

iROKOtv

Why startups, not media giants, lead online video in Africa

Global data use through the consumption of video is set to increase by around 55 percent per year until the end of 2019, according to research by Ericsson, while in Africa video is the fastest-growing internet activity.

Thin SIM

Kenya regulator approves use of thin SIMs by new Mobile Virtual Networks Operators (MVNOs), including Equity Bank

The use of thin SIM technology has been approved in Kenya paving way for new Mobile Virtual Networks Operators (MVNOs) to use them for new services among them mobile money transfer.

Shameel Joosub, CEO, Vodacom

Vodacom to Use Neotel Deal to Expand High-Speed Fiber Cable: Shameel Joosub, CEO, Vodacom

Vodacom Group Ltd. plans to use its agreed acquisition of Internet provider Neotel Pty Ltd. to speed up the introduction of high-speed fiber-optic cable for South African businesses and homes.

Mobile Phone User in Africa

Africa's telecoms frontier (Video)

Sub-Saharan Africa is the fastest growing region in terms of mobile subscriptions.

Business Connexion

Business Connexion (BCX) appoints Isaac Mophatlane as CEO

Business Connexion (BCX), IT firm from South Africa has appointed Isaac Mophatlane as chief executive officer (CEO) in place of his twin brother, the late Benjamin Mophatlane, who passed away last month.

Spotify

Spotify in Talks With Vodacom Over Music Deal in Africa

Spotify Ltd. is in talks with Vodacom Group Ltd. (VOD) on a partnership that would mark the music-streaming service’s first foray into the African continent, according to two people familiar with the matter.