TKG - Telkom - Telkom Group Acquires A Further 25% Of Multi-Links Based
TKG
TKG
TKG - Telkom - Telkom Group Acquires A Further 25% Of Multi-Links Based
In Nigeria
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN: ZAE000044897
JSE and NYSE Share Code TKG
("Telkom")
Telkom Group acquires a further 25% of Multi-Links based in Nigeria
Telkom has acquired a further 25% of Multi-Links Telecommunications
Limited ("Multi-Links") from Kenston Investment Limited for USD130 million with
effect from January 21, 2009, thereby increasing its ownership of Multi-Links to
100%. The purchase price was determined by an independent expert.
Multi-Links is a Nigerian Private Telecommunications Operator with a Unified
Access License and Internet Service Provider License providing fixed, mobile,
data, long distance and international telecommunications services throughout
Nigeria. Telkom acquired its initial 75% shareholding in Multi-Links in May
2007.
Johannesburg
22 January 2009
Sponsor: UBS South Africa (Pty) Ltd
Date: 22/01/2009 13:00:04 Produced by the JSE SENS Department.
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