telkom sa ltd (TKG:Johannesburg)
telkom sa ltd (TKG) Snapshot
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Open
$1,290
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Previous Close
$1,284
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Day High
$1,290
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Day Low
$1,263
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52 Week High
05/30/12 - $2,452
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52 Week Low
05/6/13 - $1,134
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Market Cap
6.6B
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Average Volume 10 Days
1.2M
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EPS TTM
$1.70
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Shares Outstanding
520.8M
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EX-Date
07/2/12
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P/E TM
7.5x
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Dividend
--
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Dividend Yield
--
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Related News
telkom sa ltd (TKG) Related Businessweek News
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Telkom SA SOC Limited, together with its subsidiaries, provides integrated communication services to business and residential customers in South Africa and other African countries. It offers fixed-line access, fixed-mobile, and data communications services; mobile voice services, data services, and handset sales; and information and communications technology wholesale products and solutions to mobile cellular operators, international ICT companies, services providers, fixed line operators, and broadcasters. The company also provides fixed-line subscription and connection services to post-paid, pre-paid, and private payphone customers; subscription based value-added voice services and customer premises equipment rental and sales; local, long-distance, fixed-to-mobile, international outgoing, and international voice-over-Internet protocol traffic services; interconnection services; fixed-line data centre operations and Internet services; and e-commerce, including Internet access service provider, application service provider, hosting, data storage, e-mail, and security services. In addition, it offers yellow and white page directory, and online Web directory services; connectivity services for point-of-sale, managed SIM services, and customized wireless and wired services; virtual private network services, which provide secure data transfer and backup to existing communication links at broadband speeds; and basic hosting where customers receive server rack and floor space, as well as cooling, power and backup power, managed and fully managed hosting, and disaster recovery services. The company was formerly known as Telkom SA Limited and changed its name to Telkom SA SOC Limited in October 2012. Telkom SA SOC Limited was founded in 1991 and is headquartered in Pretoria, South Africa.
telkom sa ltd (TKG) Top Compensated Officers
telkom sa ltd (TKG) Key Developments
Telkom's two largest unions see a strike as inevitable after wage talks reached a stalemate. Telkom's proposed salary hike of 1.5% has angered unions, leading to a stalemate and a dispute being lodged with the Commission for Conciliation, Mediation and Arbitration (CCMA) and a looming strike. Telkom and unions have been in wage talks since March and, after five rounds, have been unable to reach a settlement. The Communication Workers Union (CWU) is demanding 11.5%, down from its initial 12%, while the South African Communications Union (SACU) has asked for 9% and Solidarity wants 8.8%. Telkom's initial offer was 1%, and the telcom says it remains committed to continuing to engage with unions. However, Telkom says its affordability does not allow for it to offer an increase that is in line with inflation, which is currently 5.8%. As a result, all three of the unions, representing about 18,000 of Telkom's 20,000 employees, have referred a dispute to the CCMA, although a hearing date has yet to be set.
KT Corp. (KOSE:A030200) is seeking to acquire Afsat Communications Ltd. (IWay Africa) from Telkom SA SOC Limited (JSE:TKG), a person familiar with the transaction said. However, the person didn’t disclose how much KT Corp. would pay for iWayAfrica. “The iWayAfrica deal is almost done and is likely to be made public soon,” the person told The Wall Street Journal. KT Corp. spokesman said, "iWayAfrica is one of our considerations, but nothing has been decided." Also, a Telkom spokesman denied in April 2013 that the company was in talks to sell iWayAfrica to KT Corp.
Telkom SA SOC Limited provided earnings guidance for the year ended March 31, 2013. For the year, the company expects headline earnings per share to be at least 20% lower than the 324.7 cents of the prior year.
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Industry Analysis
TKG
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