In my opinion of simple logic, telkom is a dead horse. Lets forget about financial models, technical analysis, etc and look at simple basics. They just sold their lifeline, their veins, Vodacom. In lay man terms and simple logic, they have never provided a good service. I had a landline and it took forever to get it repaired. I then got a wireless connection, less problems. Now they are saying that with some of the money they will start another mobile services. That will take them a while, eg cell C. They can't really expand to Africa with their cables because they will be boomed, DRC. Anyway, amoung the youngsters who still wants a landline that is forever down? Their business will remain with the companies and one thing for sure is that they know that they lost a consumer (me and you). Mobiles phones connect (HSDPA, etc)at accepable rates and their technology is evolving day by day? Cellphones TVs? Like Sasol before the waiver of wind tax, that is where I see telkom. watch out until they finish paying off the dividends, gravity might take effect. Maybe a short term rebound to be expected.