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ADSL on its last legs in South Africa

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  By   Daniel Puchert Partially state-owned telecommunications company Telkom announced in its financial results for the year ending 31 March 2025 that its ADSL subscribers had more than halved to under 30,000. According to the company’s operational data, ADSL lines decreased from 64,959 in March 2024 to 29,770. This 54.2% decline highlights that the legacy broadband technology is slowly approaching the end of the road. Telkom’s ADSL business peaked at the end of March 2016 with 1.01 million subscribers — two years after fibre upstart Vumatel  broke ground in Parkhurst . What followed was a sharp decline in Telkom ADSL subscribers. Customers connected to its copper networks decreased by more than 500,000 over the next four years. This was partly driven by Telkom itself, which began actively switching off its copper network in some neighbourhoods. If it did not have fibre in the area, it would offer a “fixed line lookalike” wireless service that ran over its cellular ...
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Aston Villa's billionaire co-owner Wes Edens involved in mega £6.3bn deal

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 Wes Edens has joined forces with America's second wealthiest family in a deal to takeover the UK's fourth largest supermarket chain, Morrisons

Aston Villa’s co-owner and American billionaire Wes Edens is involved in a business deal that has brought some of the wealthiest people in the world together.

A trio of private investment groups led by SoftBank-owned Fortress have struck a £6.3billion deal to acquire Wm Morrison, Britain’s fourth-largest supermarket chain, according to the Daily Mail.

Edens became a billionaire alongside his Fortress co-founders after the company went public in 2007, and is its co-chief executive.

Villa ’s co-owner has been a member of the board of directors of Fortress since November 2006, with responsibility for the company’s private equity business, which primarily invests in transportation and infrastructure, real estate, health care, financial services and media.

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While he and Nassef Sawiris continue to fund Villa’s Premier League resurgence, Edens also boasts an impressive portfolio across other ventures and his taste for success stems from his business acumen away from the sporting world.

Now involved in one of the biggest deals of his career to date, Edens will work with America’s second wealthiest family, the Koch family - who according to Forbes are worth an estimated $100billion - and others.

The New York Times previously noted that Edens had a “taste for distressed assets,” and the level of investment he’s ploughed into Villa is proof of that, as well as his exceptional running of NBA franchise, the Milwaukee Bucks.

The Bucks hadn’t tasted victory in the NBA Championships since 1971, and scepticism was rife when Edens teamed up with fellow billionaire businessman Marc Lasry to buy the franchise in 2014, in a deal worth a reported $550million.

Edens’ Bucks delivered a 26-game turnaround in the 2014/15 season combined with the fourth largest year-on-year increase in ticket sales across the NBA. During his ownership, Bucks have made play-offs three out of four seasons and secured first back-to-back winning seasons since 1999.

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