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Telkom ends talks to buy Cell C

2015-11-19 14:41:00| Telecompaper Headlines

(Telecompaper) South Africa operator Telkom and Oger Telecom have ended all discussions on the potential purchase of Cell C by Telkom. In a statement, Telkom said through its engagement with Oger Telecom, it became clear that there was a difference of opinion on the valuation of Cell C. As no agreement has been reached, Telkom and Oger Telecom agreed to end all discussions. Telkom confirmed just over a week ago it was in talks to buy the mobile operator. Earlier reports suggested that Oger had valued Cell C at as much as ZAR 22 billion and rejected a bid of ZAR 14 billion from Telkom for its 75 percent stake.

Tags: buy cell ends talks

Telkom H1 EBITDA rises 15% to ZAR 5 bln

2015-11-16 09:01:00| Telecompaper Headlines

(Telecompaper) South African operator Telkom reported a 15.1 percent increase in its EBITDA for the first half ended 30 September to ZAR 5.04 billion, helped by a 2.3 percent fall in operating costs and smaller losses at its mobile business. Revenues rose 1.2 percent to ZAR 13.46 billion, led by the expansion in the mobile business, where service and subscription revenue increased 41 percent to ZAR 1.2 billion. Headline earnings per share, excluding one-off items, increased 13.9 percent to ZAR 2.81. Telkom said it continued with its efforts to transform the company and stabilise revenue. Operating revenue increased by 5.5 percent compared to the same period last year, spurred on by the continuing growth in the mobile business. Fixed line usage continues to decline, with fixed voice revenue decreasing by about 3 percent compared to the same period a year ago. Data connectivity revenue dropped by more than 5 percent, as more competitors moved to their own infrastructure and Telkom migrated customers from leased lines to new service offerings. Capital expenditure rose by 20 percent year-on-year to ZAR 2.34 billion, on the expansion of Telkom's mobile, fibre and LTE networks. The number of ADSL subscribers increased 4.2 percent to 1.012 million. Active mobile subscribers rose by 11.5 percent to 2.257 million and generated ARPU of ZAR 89.05. During the period, competition increased substantially while the economy remained soft. Telkom said it expects the market challenges to continue in H2, but it will continue with its focus on managing costs and expects the mobile business to be EBITDA positive by year end.

Tags: rises zar ebitda bln

Orange sells Telkom Kenya

2015-11-10 01:00:00| Total Telecom industry news

French operator offloads 70% stake in Kenyan incumbent to Helios Investment Partners.

Tags: orange kenya sells telkom

Telkom confirms talks to buy Cell C

2015-11-09 15:01:00| Telecompaper Headlines

(Telecompaper) South African operator Telkom confirmed it's in talks to acquire all of mobile operator Cell C. Telkom said in a short statement to the stock market that it's currently performing due diligence on Cell C. Further details of the potential takeover were not disclosed. Controlled by Oger Telecom, Cell C is the third-largest mobile operator in South Africa. By merging with Telkom, the newest arrival on the mobile market, the two could better compete against market leaders MTN and Vodacom. The latest media reports suggest that Oger has valued Cell C at as much as ZAR 22 billion.

Tags: buy cell talks confirms