Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. South Africa
  4. Johannesburg Stock Exchange
  5. Telkom SA SOC Limited
  6. News
  7. Summary
    TKG   ZAE000044897

TELKOM SA SOC LIMITED

(TKG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MTN GROUP LIMITED -2.41% 104.69 End-of-day quote.73.93%
TELKOM SA SOC LIMITED -1.60% 46.03 End-of-day quote.49.89%
All news about TELKOM SA SOC LIMITED
06/17TELKOM SOC  : Media Statement - Committee Chairperson Extends Condolences to the..
AQ
06/11TELKOM SOC  : S.African telecoms watchdog says likely to reach settlement with t..
RE
03/08TELKOM SOC  : Court Backs Telekom Over Auction Of Broadband Spectrum In South Af..
MT
02/22South Africa's telecoms regulator pushes back spectrum auction again
RE
02/14TELKOM SOC  : Telecoms And Media In Brief | Issue 20
AQ
01/29Airtel Africa to focus on current markets, will not bid for licenses in Ethio..
RE
01/28South Africa's MTN wants court to scrap or fix 5G spectrum sale process
RE
01/22TELKOM SOC  : Alphabet Shutting Down Loon, Ending Its Ambitious Partnership With..
AQ
2020TELKOM SA SOC LIMITED  : Half-year results
CO
2020TELKOM SOC  : South Africa Has Failed to Harness the Digital Revolution - How It..
AQ
More news
Financials
Sales 2022 45 082 M 3 198 M 3 198 M
Net income 2022 2 910 M 206 M 206 M
Net Debt 2022 10 236 M 726 M 726 M
P/E ratio 2022 8,16x
Yield 2022 -
Capitalization 22 789 M 1 616 M 1 617 M
EV / Sales 2022 0,73x
EV / Sales 2023 0,68x
Nbr of Employees 12 039
Free-Float 56,3%
Chart TELKOM SA SOC LIMITED
Duration : Period :
Telkom SA SOC Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TELKOM SA SOC LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 48,36 ZAR
Last Close Price 46,03 ZAR
Spread / Highest target 41,2%
Spread / Average Target 5,05%
Spread / Lowest Target -41,3%
EPS Revisions
Managers and Directors
NameTitle
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
1st jan.Capitalization (M$)
TELKOM SA SOC LIMITED49.89%1 616
VERIZON COMMUNICATIONS-3.59%234 038
CHARTER COMMUNICATIONS, INC.4.46%130 378
CHINA MOBILE LIMITED7.47%125 255
DEUTSCHE TELEKOM AG18.74%100 363
NIPPON TELEGRAPH AND TELEPHONE CORPORATION8.83%94 525