Telkom looks to slash supplier bill

Tuesday 5 August 2014 | 14:12 CET | News
South Africa operator Telkom plans to reduce procurement costs by "as much as possible" over a three-year period after paying more than half its revenue to suppliers in 2013, Bloomberg reports, Telkom had about 2,400 suppliers in the year through March, with 23 sharing 80 percent of the ZAR 17 billion outlay, Chief Procurement Officer Ian Russell said at the operator's investors day. Telkom reported revenue of ZAR 32.5 billion in the period. Telkom is battling to reduce costs to offset a decline in landline usage, increased operating expenses, and performance below that of competitors, CEO

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telkom
Countries: South Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Telkom experts underlying profits up in H1

Published 03 Nov 2014 14:09 CET | South Africa
South Africa's Telkom said it expects a decline in fiscal first half earnings due to a provision for job cuts. For the ...

Telkom warns uncapped ADSL users of excess streaming, gaming

Published 12 Aug 2014 11:07 CET | South Africa
South Africa's Telkom has warned uncapped ADSL clients that using 'excessive' concurrent internet sessions or bandwidth-intensive ...

Telkom, union strike deal on restructuring process

Published 01 Aug 2014 17:55 CET | South Africa
South African operator Telkom said it reached a consensus with the union so the current restructuring process can proceed. In a ...

BCX sees Telkom deal completed by year-end

Published 30 Jul 2014 12:38 CET | South Africa
South African IT services firm Business Connexion (BCX) hopes its sale to Telkom is finalised by late November or early December, ...

Telkom awards ZAR 91 mln consultancy contract without tender

Published 29 Jul 2014 16:15 CET | South Africa
South African operator Telkom awarded a ZAR 91.1 million advisory contract to Bain & Company without following an open bidding ...

Telkom extends talks with MTN on roaming deal

Published 28 Jul 2014 09:52 CET | South Africa
South African operator Telkom announced that it has launched talks with MTN for extending roaming services. Telkom said that it ...

Telkom raises line rental fees from 01 August

Published 14 Jul 2014 12:28 CET | South Africa
South African fixed line operator Telkom said that line rental prices will increase from 01 August, while ADSL rates will remain ...

Telkom denies it plans almost to halve its workforce

Published 08 Jul 2014 10:41 CET | South Africa
Fixed line operator Telkom has dismissed speculation by the South African Communications Union that it will be sacking 9,500 of ...