Angola Telecom forecasts a profit for first time in eight years
Angola’s state-run phone company looks set to make a profit after receiving a $314-million government bailout.
Vodacom Group
MTN earnings boosted by foreign exchange gain
Africa’s biggest mobile company said earnings per share jumped 25%, buoyed up by a foreign exchange gain from the weaker rand.
Naspers full-year earnings to be hurt by investment boost
The media giant’s bottom line will pay the price as its development spend jumps from R4.3-billion to over R7-billion this financial year.
Telkom first-half profit jumps 41%
A weak rand and lower payments to operators, as a result of lower termination rates, has seen the fixed-line operator gain.
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Vodacom increases customer base
South African cellular operator Vodacom’s revenue increased by 14,5% year-on-year for the quarter ended June 2008.
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Telkom’s surge the talk of the town
Telecommunications heavyweight Telkom remained the talk of the town during the morning session on Monday as news of a potential buyout and negotiations with the UK’s Vodafone set pulses racing. However, the market as a whole was mixed as resources generally gained some ground, but banks felt the heat from a struggling
sector in the United Kingdom.
