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TELKOM TO BE FINED FOR MISSING NEW LINE TARGET.
Telkom expected to pay a fine of between R8-million and R12-million for failing to meet government targets for new telephone lines, the telecommunications utility said on Monday. Announcing its group results for the year ended March, Telkom said it missed the target of 2,69 million lines over five years by 16448 -- less than one percent. The targets for new telephone lines to rural villages was missed by 505, and that for "digitalising" all lines by 100000, said Telkom spokesman Andrew Weldrick. However, Telkom exceeded the target for installing new lines in under-serviced areas by 110000, and for priority customers like clinics, hospitals, schools and police stations by 5000. The Independent Communications Authority would work out the fine, payable in the next financial year, Weldrick said. Telkom reported an eight percent growth in revenue, and 15 percent in headline earnings per share. Group earnings per share grew by 17 percent, and group operating cash flow by 16 percent, it said in a statement. Telkom also reported an 18 percent growth in wireline data revenue --which includes all fixed lines and directory services. Wireless revenue -- which relates to Telkom's stake in Vodacom and wireless data company Swiftnet, grew by 25 percent. "Our continual focus on ...
- Telkom to Map Out Network Investment Plans at Deutsche Bank Workshop.
- Press release article from: PR Newswire May 22, 2003 700+ words
...systems and centralisation. "Telkom has enhanced its capital management...said Reuben September. Telkom's previous network investment...strategy had focused on meeting licence obligations including the rollout of lines...September. For access to the Telkom presentation, please visit...
- Telkom to map out network investment plans at Deutsche Bank workshop.
- Press release article from: PR Newswire May 22, 2003 700+ words
...systems and centralisation. "Telkom has enhanced its capital management...said Reuben September. Telkom's previous network investment...strategy had focused on meeting licence obligations including the rollout of lines...September. For access to the Telkom presentation, please visit...
- Telkom South Africa, Grintek and Clarent Enter Into Multi-year Joint Marketing...
- Press release article from: Business Wire November 20, 2002 700+ words
...BUSINESS WIRE)--Nov. 20, 2002 Telkom South Africa, the incumbent service provider...continent. Under the terms of the agreement, Telkom and Clarent will establish a joint marketing...of a cooperative marketing strategy. Telkom will have access to Clarent in-house...
- Telkom terminates property portfolio information memorandum.
- Press release article from: PR Newswire June 5, 2003 700+ words
...South Africa, June 5 /PRNewswire/ -- Telkom SA Limited (JSE and NYSE: TKG) has...of its property portfolio. The IM that Telkom released in September last year attracted...Following a comprehensive assessment process, Telkom recently decided to terminate its IM as...
- Telkom's grand design. (South African telecommunications firm)(Cover Story)
- Magazine article from: African Business Nevin, Tom July 1, 1996 700+ words
Telkom, South Africa's telecommunications giant...telecommunications system. Tom Nevin has been talking to Telkom's top brass. With the election of President...take advantage of the new opportunities is Telkom. In a few short years, it has not only...
- Troubled Telkom Kenya finds S African suitor: despite government pledges, the...
- Magazine article from: African Business Otieno, Derek February 1, 2005 700+ words
South Africa's fixed-line operator Telkom SA is keen to take a stake in Telkom Kenya and has held talks with Kenyan authorities about a possible investment, a senior Telkom SA executive confirmed. [GRAPHIC OMITTED] But...
- Telkom Terminates Property Portfolio Information Memorandum.
- Press release article from: PR Newswire June 5, 2003 700+ words
Telkom SA Limited (JSE and NYSE: TKG) has terminated...of its property portfolio. The IM that Telkom released in September last year attracted...Following a comprehensive assessment process, Telkom recently decided to terminate its IM as...
- Telkom South Africa Selects Telcordia Technologies to Improve South African...
- Press release article from: Business Wire July 26, 1999 700+ words
...multi-million dollar contract to provide Telkom with an end-to-end, integrated service...telecommunications throughout South Africa. Telkom, one of the largest national telecommunications...components of this contract demonstrate Telkom's commitment to improving its communications...