Telkom
Telkom is Now Offering Small Business Funding Up to R5-Million
Telkom Business has announced today the launch of Telkom Lend, a new service to enable small businesses to apply online for funding and get an answer within 24 hours. Telkom says that Telkom Lend is an end-to-end digital process means no paperwork, no long queues and no waiting for a response from a financial institution. This marks a further fintech option by the South African telecom. “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” says Sibusiso Ngwenya, ME, Telkom Financial Services. “This also means that businesses take control of their payments. With funding offers ranging from R20,000 ($1,200) to R5-million ($300,000) depending on monthly turnover, funding can be paid back ov...
Openserve Splits From Telkom South Africa
Image sourced from MoneyWeb.com. South African wholesale network infrastructure provider Openserve has officially split from its parent Telkom Group today, according to an announcement from Telkom. As part of its Q1 SENS announcement, Telkom Group says that it has approved the legal and structural separation of Openserve. The ISP will split from its parent effective 1 September 2022. Highlighting the decision, Serame Taukobong, Telkom Group CEO says, “We have been on a journey to transform and unlock value in the Group by separating the operating businesses to become standalone entities, which started with BCX and subsequently Gyro, which now operate as separate legal entities wholly owned by Telkom SOC.” “Openserve follows suit as a wholly owned subsidiary of the Telkom Group, which will ...
MTN is Planning to Buy Telkom
MTN Group is reportedly in talks to buy its telecommunications rival Telkom. According to Bloomberg, the company said the discussions are still at an early stage and there is no certainty that the transaction will be completed. The news that was announced on Friday morning instantly saw Telkom’s share price soar by 30%. “Shareholders are advised that MTN and Telkom SA SOC Limited [Telkom] have entered into discussions in relation to MTN acquiring the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN,” MTN said in an announcement. MTN would pay for the partially state-owned company in shares or a combination of cash and stock, according to a statement the giant telecommunications company released on Friday morning. According to Moneyweb, n...
Telkom Kenya Faces Delays on its New Mobile Money Subsidiaries
Image sourced from News24 Telkom Kenya says that it is facing delays in getting approval from the Communications Authority of Kenya (CA) for its two mobile money subsidiaries that it announced last year. According to Business Daily, the telecommunications company announced Telkom Digital and T-Kash in May 2021 as a bid to reorganise its company structure. T-Kash, the telco’s mobile money services will reportedly house T-Kash Loan, a loan service that hasn’t been activated on the app as yet. The digital subsidiary is expected to involve infrastructure including a fibre network, international submarines cables, and a smart landing hub to act as a gateway to the East African region amid increased demand for data service, as per Business Daily. “We have done most of it we are waiting for the r...
Telkom Kenya is Planning a Loan Product on T-Kash
Image sourced from News24 Telkom Kenya is reportedly planning on introducing a credit product called T-Kash Loan. According to Techweez, the product has not been activated yet but the company has indicated on the T-Kash app that it is “coming soon.” T-Kash is a mobile payment solution owned by Telkom, a telecommunication provider with a presence in more than 38 African countries. The new product will be taking on Safaricom’s M-PESA, one of the leading mobile money services in Africa, which currently owns 99 percent of the market share in the country. This product will also be the first of its kind for Telkom while Safaricom offers this product in three ways through the M-PESA mobile money service, which includes Fuliza, KCB M-Pesa, and M-Shwari. It is not clear yet whether the telco will b...
Telkom Kenya Launches New Data and Voice Sharing Product
Image sourced from News24 Telkom Kenya has launched a new product called the Chaga Bundle. This product will allow five users to share data and voice bundles at a price of $12.76. According to Techweez, a group of a minimum of three people and a maximum of 5 people can share 100 GB of data, 200 on-net minutes, 50 off-net minutes, and 200 SMSs for $12.76. One person will be able to purchase the bundle and set up a group of three to five people to share the bundle with. “The discerning customer is keen to pool resources wherever possible. As Kenyans, we share in the spirit of coming together to share costs on occasiosn where we cannot manage to shoulder a financial obligaton as individuals,” Telkom’s Director of Marketing, Eric Achola said. “Telkom, guided by our belief that Mobile Data is a...
Telkom Reports a Decline in its Revenue
Image sourced from News24 On Tuesday, Telkom SA published annual financial results for the year ended 31 March 2022 and it reported that its revenue dropped 1.1% to R42.8 billion ($2.7-billion). According to Tech Central, the telecommunications group is blaming tough competition and the weak economy for this poor performance. Telkom says despite this decline it has managed to deliver a stable EBITDA of R11.9 billion ($742.9-million) expanding the margin by 0.2ppts to 27.9%. “This was achieved through various initiatives that introduced efficiency to operations while improving the customer experience,” Telkom Group CEO, Serame Taukobong, said. Openserve increased fixed data revenue by 5.5% largely driven by the growth in carrier links. Over the period, an increase of 16.6% in fixed data con...
South Africa Could See Cheaper International Calls Thanks to ICASA
Sourced from PC Mag The Internet Service Providers’ Association of SA (ISPA) says that it welcomes moves by the Independent Communications Authority of SA (ICASA) to conduct a new ‘cost modelling exercise’ with regards to voice call termination rates and to introduce curbs on charges from local voice providers for terminating calls from outside of South Africa. The result is likely to be cheaper overseas calls and much-reduced phone fraud, says the Association representing over 200 Internet Service Providers (ISPs) members, many of which provide voice services. What are Call Termination Rates and how do they work: Call termination rates are the fees telecoms networks across the world levy on each other to ensure calls originally placed on another network can reach – or terminate – on their...
Telkom & ICASA Settle Lawsuit Out of Court
Sourced from PC Mag South African semi-private telco group Telkom and the Independent Communications Authority of South Africa (ICASA) today reached an out-of-court settlement bringing an end to the high court litigation over the licensing of the high-demand spectrum. According to the settlement agreement, ICASA will commence with the licensing of the spectrum that remains unassigned in the auction by no later than 30 June 2022 with the licensing process set to be concluded within ICASA’s current financial year. According to a press release, ICASA has undertaken that it will have regard for the outcomes of the recently completed auction, in its licensing of the unassigned 800 MHz. According to Telkom Group CEO, Serame Taukobong, the settlement addresses Telkom’s principal complaints: the r...
Talking E-Commerce in Africa with Telkom’s Kenneth Kayser: ITNA Digital Innovation Podcast EP 1
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4 Important Things You Need to Know About ICASA’s Auction Tomorrow
After several years of delays, cancellations, court cases and the setting of further and further deadlines, the Independent Communications Authority of South Africa (ICASA) is finally set to auction access to SA’s much-coveted spectrum for mobile broadband services. Two auctions will be held – one on 8 March and another on 10 March. The second auction is considered the “main” auction. Here are 4 things you need to know about tomorrow’s ICASA auction: The Opt-In Phase Auction The first highly-anticipated auction will be held on Tuesday 8 March with every big name telecom in the country lining up to take a seat at the table. For the last several weeks, ICASA has conducted mock auctions and a bidder seminar to ensure that potential participants are comfortable with the bidding process. Accord...
MTN Ghana, Vodafone Drop Fees For Calls, SMS To & From Ukraine
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