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    TKG   ZAE000044897

TELKOM SA SOC LIMITED

(TKG)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 09/22
44.32 ZAR   +2.59%
09/07TELKOM SOC : S.Africa's telecoms regulator halts spectrum licensing auction
RE
08/04Telkom Announces Executive Changes
CI
08/04South Africa's Telkom appoints insider Serame Taukobong as CEO designate
RE
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Telkom SOC : S.African telecoms watchdog says likely to reach settlement with two firms by end August

06/11/2021 | 01:07pm EDT

JOHANNESBURG, June 11 (Reuters) - South Africa's telecoms regulator said on Friday the ongoing negotiations with two companies over litigation related to the government's proposed spectrum auction will be resolved by the end of August.

"We should be in a good position to yield an amicable settlement agreement by no later than end of August 2021," said Keabetswe Modimoeng, chairman of the Independent Communications Authority of South Africa (ICASA), in a release.

Two of the top three telecom companies in South Africa - MTN Group Ltd and partly state-owned Telkom - had dragged the ICASA to court in two separate cases claiming the process to auction high-demand spectrum in the country was disadvantageous to them.

As a result, the court halted the auction process that was due to be completed in March 2021.

President Cyril Ramaphosa has called the auction of spectrum, which had been delayed for over a decade, a major element of economic reform in the country.

On Thursday, he asked all parties involved to mediate on the issue and find a quick solution.

ICASA has been involved in discussions with the parties since March. It said that when a settlement is reached, it will need a few more weeks to announce a new date for the auction process to restart.

(Reporting by Promit Mukherjee in Johannesburg Editing by Matthew Lewis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MTN GROUP LIMITED 0.74% 130.66 End-of-day quote.117.08%
TELKOM SA SOC LIMITED 2.59% 44.32 End-of-day quote.44.32%
All news about TELKOM SA SOC LIMITED
09/07TELKOM SOC : S.Africa's telecoms regulator halts spectrum licensing auction
RE
08/04Telkom Announces Executive Changes
CI
08/04South Africa's Telkom appoints insider Serame Taukobong as CEO designate
RE
07/23Sipho Maseko to Step Down as Executive Director of Telkom SA SOC Limited on 30 June 202..
CI
07/23Sipho Maseko to Step Down as the Group Chief Executive Officer of Telkom SA SOC Limited..
CI
07/01Telkom SA SOC Limited Announces Changes to the Board of Directors
CI
06/17TELKOM SOC : Media Statement - Committee Chairperson Extends Condolences to the Mabuza Fam..
AQ
06/11TELKOM SOC : S.African telecoms watchdog says likely to reach settlement with two firms by..
RE
05/24Telkom Sa Soc Limited Reports Earnings Results for the Full Year Ended March 31, 2021
CI
05/18Telkom SA SOC Limited Provides Earnings Guidance for the Year Ended March 31, 2021
CI
More news
Financials
Sales 2022 44 571 M 3 051 M 3 051 M
Net income 2022 2 781 M 190 M 190 M
Net Debt 2022 10 855 M 743 M 743 M
P/E ratio 2022 8,25x
Yield 2022 -
Capitalization 21 942 M 1 490 M 1 502 M
EV / Sales 2022 0,74x
EV / Sales 2023 0,67x
Nbr of Employees 12 039
Free-Float 56,3%
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Technical analysis trends TELKOM SA SOC LIMITED
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Mean consensus BUY
Number of Analysts 10
Last Close Price 44,32 ZAR
Average target price 54,01 ZAR
Spread / Average Target 21,9%
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Managers and Directors
Sipho Nkosinathi Maseko Group Chief Executive Officer & Executive Director
Dirk Johannes Reyneke Group Chief Financial Officer & Executive Director
Matthews Sello Moloko Chairman
Althon Beukes Group Chief Information Officer
Deon Jeftha Fredericks Chief Investment Officer
Sector and Competitors