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Mobile and Telecoms

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Telkom defends corporate restructuring

Telkom has defended its restructuring programme saying it had been endorsed by the company’s board of directors, contrary to reports by the Communications Workers Union (CWU). “It must be emphasised that in strict adherence to due process, Telkom’s organisational restructure…

Nokia cancels shares held internally

NOKIA, the mobile phone manufacturing giant, has registered its decision to cancel all shares held internally within the company, at the Finnish bourse. In a statement, the company said: “Pursuant to Nokia’s decision announced on March 19, 2009, the cancellation…