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Axian’s bid for Telkom was proposed to its board in early March, and it faces some resistance from its board members.
Daily Investor asked Telkom why the R13 billion impairment loss was not included in the consolidated statement of profit or loss.
Source: https://mybroadband.co.za/news/investing/496699-telkoms-r13-billion-problem.html
During its half-year results released in November, Telkom reported that it had 11,788 employees across the group.
Source: https://mybroadband.co.za/news/telecoms/480259-telkom-announces-retrenchments.html
In October, MTN discontinued talks to buy Telkom — a deal that would have created South Africa’s largest mobile-phone operator.
Source: https://mybroadband.co.za/news/investing/476079-vodacom-outperforms-mtn-and-telkom.html
It opened the door for MTN to engage in discussions with Telkom again, but it is not clear whether MTN is keen.
It plans to take a considered approach to support commercially viable MNO-MVNO partnerships, stated Telkom.
Source: https://mybroadband.co.za/news/cellular/476859-telkom-announces-mvno-platform-plans.html
Its four major businesses – Openserve, Gyro, Business Connexion Group (BCX) and Telkom Consumer – are together worth north of R50 billion.
Source: https://www.citizen.co.za/news/telkom-selling-wrong-pieces-itself/
Mobile network operator Telkom has said it will begin a formal retrenchment process that will see it layoff as much as 15% of its workforce as it casts a sharp focus on cost savings initiatives.
Source: https://www.citizen.co.za/business/telkom-to-retrench-15-of-staff/
Telkom expects to continue facing network challenges due to load-shedding, and infrastructure theft and vandalism in the coming year.
When these are removed from the equation, Telkom says it made a R346 million profit for the year.