Company Data
| Last traded |
R23.81 |
| Change |
R0.03 |
| % Change |
0.13% |
| Cumulative volume |
3.22m |
| Market cap |
R12.40bn |
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Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - At least two investors have shown interest in the troubled Nigerian unit Multi-Links of Telkom [JSE:TKG], the group's chairperson said on Wednesday.
"We got an offer from one GSM operator, an offer from an infrastructure fund. It's offers to talk," Jeff Molobela told reporters.
The Nigerian unit, Multi-Links, is one of four mobile operators using the CDMA technology platform in a market overwhelmingly dominated by the rival GSM standard.
Telkom wrote down the value of Multi-Links by R5.2bn in the financial year to end-March and its chief financial officer told Reuters last month that selling the unit was "one option".
However, it is unknown whether Telkom's incoming management will decide to keep the unit.
The company has appointed Jeffrey Hedberg, the former head of the Nigerian unit, as its acting chief executive, after long-time leader Reuben September stepped down this month.
CFO Peter Nelson is due to depart in October.
Telkom has yet to announce a permanent chief executive and Molobela said Hedberg is included among possible candidates.
Telkom is struggling to craft a convincing turnaround strategy and has been hit by higher costs and tough competition at home, as well as hefty Nigerian losses.
Hedberg, an American from Boston, is unlikely to be appointed as permanent chief executive because the government, the company's largest shareholder, will want a South African, analysts have said.
The stock has fallen by 10.63% since January.
- Reuters