Telkom SA Ltd.

Vodafone pays $2.9Bn for Vodacom 15% stake (South Africa)

Wireless Federation (Free subscription) | 11/07/2008

Vodafone has acquired an additional 15% stake in South African operator Vodacom from Telkom SA for roughly 1.8 billion pounds ($2.5 billion) in cash. With this transaction its shares in the group increased to 65%. It is subject to the approval by 75% of Telkom’s shareholders and to Telkom demerging the remaining 35% of Vodacom [...]

• Vodafone to take control of Vodacom - SouthAfrica.info RSS feed
• Vodafone takes over Vodacom - Bush Radio 89.5 fm Newsroom
• See the 20 articles on the same subject

Vodafone Announces Details of Vodacom Investment

cellular-news (Free subscription) | 11/06/2008

Vodafone has confirmed the details of its long anticipated plan to acquire an additional 15% stake in South Africa based Vodacom from Telkom SA for a cash consideration of ZAR22.5 billion (US$2.47 billion)

• Vodafone Announces Details of Vodacom Investment - guetali sadc

UPDATE: Telkom Ends Takeover Talks, Discussing Vodacom Offer

cellular-news (Free subscription) | 09/18/2008

Telkom SA, Africa's largest fixed-line phone operator, Thursday said takeover discussions have broken off with a group of investors led by business tycoon Tokyo Sexwale's Mvelaphanda Holdings and including New York's Och-Ziff Capital Management.

South African Short Course Championships: Roland Schoeman Claims Pair of African Records

Swimming World Magazine News (Free subscription) | 09/06/2008

JOHANNESBURG, South Africa, September 6. ROLAND Schoeman kept Swimming SA's statisticians busy as he smashed two African records on the second day of the four-day Telkom SA Short Course Championships,...

Telkom Says has Received Approaches, But isn't in New Talks

cellular-news (Free subscription) | 08/29/2008

Telkom SA, South Africa's dominant fixed-line phone operator, Friday said it has received a number of approaches from companies interested in "one or more components" of its business, but it isn't in discussions it hasn't already disclosed.

Telkom Says Impact of South African Strike is Negligible

cellular-news (Free subscription) | 08/04/2008

Telkom SA, South Africa's dominant fixed-lined phone company, Monday said there has been negligible disruption to operations from workers striking for higher wages.

MTN South Africa Plans $185 Million Fibre Spend

cellular-news (Free subscription) | 07/29/2008

MTN South Africa says that it plans to build its own fibre backbone to reduce its operational costs and cut its reliance on the increasingly unreliable landline operator, Telkom SA.

• South Africa: MTN to Spend R7,1 Billion to Boost Network - All Africa

UPDATE: Telkom Says Disposal, Takeover Talks Continuing

cellular-news (Free subscription) | 07/15/2008

[CN+] South African phone operator Telkom SA Tuesday said it continues to discuss selling some of its stake in mobile operator Vodacom Group and a possible bid by a consortium led by freedom fighter-turned-business tycoon Tokyo Sexwale.

Copper Cable Theft Costs South Africa's Telkom ZAR1 Bln/Yr

cellular-news (Free subscription) | 07/01/2008

[CN+] Theft of copper cable is costing South Africa's Telkom SA almost 1 billion rand ($127 million) a year.

Unions Call For No Job Cuts in Telkom Restructuring

cellular-news (Free subscription) | 06/10/2008

Employees of Telkom SA are demanding assurances that no jobs will be cut as part of the South African phone company's planned restructuring, trade unions said Tuesday.

Telkom Fiscal Year Net -7.8% as Costs Offset Vodacom Growth

cellular-news (Free subscription) | 06/09/2008

South Africa's Telkom SA, in discussions that could see it sell out of its mobile phone venture with Britain's Vodafone Group, Monday said net profit for the financial year fell 7.8% as higher costs offset improvements at mobile operator Vodacom Group.

Telkom CEO Says Discussions Continue With Suitors

cellular-news (Free subscription) | 06/09/2008

Telkom SA is still in discussions with two suitors, one interested in buying some of its interest in mobile operator Vodacom Group and the other in buying Telkom but not its stake in Vodacom, the South African company's chief executive said Monday.

UPDATE: Vodafone Seeks Another 12.5% Vodacom Stake - Source

cellular-news (Free subscription) | 06/02/2008

[CN+] U.K. mobile phone operator Vodafone Group has made a non-binding offer to Telkom SA for an additional 12.5% stake in South African mobile operator Vodacom Group, a person familiar with the matter said Monday.

UPDATE: Telkom Gets Takeover Approach, Offer for Vodacom

cellular-news (Free subscription) | 06/02/2008

Telkom SA has received a preliminary offer for its stake in South Africa's largest mobile phone company as well as a takeover approach from a consortium led by freedom fighter-turned-business tycoon Tokyo Sexwale.

Telkom received Vodafone offer for part of its Vodacom stake

Market Watch (Free subscription) | 06/02/2008

LONDON (MarketWatch) -- South African telecommnunications operator Telkom SA on Monday said it has received a non-binding proposal from a subsidiary of British mobile phone giant Vodafone Group for part of its 50% stake in Vodacom. Vodafone owns the other half of the mobile operator and has previously stated its interest in gaining control. Separately Telkom said it's received a letter from Mvelaphanda...