| Wed 14 Apr 2010, 14:31 | | TKG - Announcement regarding Telkom`s conclusion of a roaming agreement with |
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TKG
TKG
TKG - Announcement regarding Telkom`s conclusion of a roaming agreement with
MTN South Africa
Telkom SA Limited
(Registration number: 1991/005476/06)
(ISIN number: ZAE000044897)
JSE share code: TKG
("Telkom" or "the company")
Announcement regarding Telkom`s conclusion of a roaming agreement with MTN
South Africa
Shareholders are referred to Telkom`s previous announcements regarding the
disposal of its 50% stake in Vodacom Ltd and its intention to enter the
mobile voice and data business. Further to this strategy, Telkom wishes to
advise shareholders that it has:
1. Placed orders to build 2000 new base stations in selected high density
areas over the next two years, and
2. Concluded a five year national roaming agreement with MTN South Africa
in terms of which Telkom and its customers will have national access to
MTN`s 2G and 3G network throughout South Africa.
The capital programme for mobile related investments over the next 5 years is
expected to be approximately R6 billion. The conclusion of a roaming
agreement with MTN South Africa enhances Telkom`s ability to offer Telkom
customers extensive and national mobile coverage from day one of launch and
accordingly, is key to the delivery of a successful mobile strategy.
14 April 2010
Pretoria
Sponsor: UBS South Africa
Special note regarding forward looking statements
Some statements included in this announcement as well as oral statements that
may be made by us or by officers, directors or employees acting on behalf of
us, constitute or are based on forward looking statements.
All statements, other than statements of historical facts, including, among
others, statements regarding our mobile and other strategies, future
financial position and plans, objectives, capital expenditures, projected
costs and anticipated cost savings and financing plans, as well as projected
levels of growth in the communications market, are forward looking
statements. Forward looking statements can generally be identified by the use
of terminology such as "may", "will", "should", "expect", "envisage",
"intend", "plan", "project", "estimate", "anticipate", "believe", "hope",
"can", "is designed to" or similar phrases, although the absence of such
words does not necessarily mean that a statement is not forward looking.
These forward looking statements involve a number of known and unknown risks,
uncertainties and other factors that could cause our actual results and
outcomes to be materially different from historical results or from any
future results expressed or implied by such forward looking statements. Among
the factors that could cause our actual results or outcomes to differ
materially from our expectations including but not limited to those risks
identified in Telkom`s most recent annual report which are available on
Telkom`s website at www.telkom.co.za/ir.
We caution you not to place undue reliance on these forward looking
statements. All written and oral forward looking statements attributable to
us, or persons acting on our behalf, are qualified in their entirety by these
cautionary statements. Moreover, unless we are required by law to update
these statements, we will not necessarily update any of these statements
after the date of this document, either to conform them to actual results or
to changes in our expectations.
Date: 14/04/2010 14:31:01 Produced by the JSE SENS Department.
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