Concern over Hedberg’s exit
Trade union, Solidarity, has expressed concern that Telkom CEO, Jeffrey Hedberg would not be renewing his contract with the company – saying his departure marked would be a “calamity” for Telkom. Hedberg, who is known as an expert in the field of turnaround strategies, announced that he would not be renewing his term with the [...]
Padayachie puts faith in Telkom
Communications minister, Roy Padayachie, has urged the board of Telkom to urgently resolve allegations of corruption against the operator – saying he has faith the board will act decidedly on all allegations. In a media statement, the Department of Communications (DOC) says it has noted with concern media reports regarding a “dossier” that contains allegations [...]
Telkom revenues take a knock
Telkom says it is still reeling from the sale of its stake in Vodacom and the impairment it suffered from its struggling Multi-Links arm as its latest results reveal drops in its operating revenue and plummeting returns from its voice services. Acting group CEO, Jeffrey Hedberg, conceded to the operators poor performance, saying the six [...]
R6bn for Telkom mobile services
Telkom says it will spend around R6 billion over five years to implement its mobile solutions – as its new mobile arm, 8ta, shows encouraging growth with over 180 000 subscribers in its first month of operations. According to the Telkom’s group interim statements, 8ta, which was launched on 18 October, had recorded 186 033 [...]
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