TELKOM SA SOC LIMITED - Settlement of Arbitration Proceedings and Litigation
TKG 201412100011A
Settlement of Arbitration Proceedings and Litigation
Telkom SA SOC Limited
Registration Number 1991/005476/30)
ISIN number: ZAE000044897
JSE code: TKG
(“Telkom”)
SETTLEMENT OF ARBITRATION PROCEEDINGS AND LITIGATION
Telkom shareholders are advised that:
- the arbitration proceedings between a Blue Label subsidiary,
Africa Prepaid Services Nigeria Limited (“APSN”) and the
former subsidiary of Telkom, Multi-Links Telecommunications
Limited (“Multi-Links”) has been settled; and
- the litigation action in the High Court of South Africa
between Telkom and Multi-Links, on the one hand, and Blue
Label, Africa Prepaid Services (Pty) Ltd, APSN and certain
individuals, on the other, has been settled.
In terms of the Settlement Agreement all claims and counterclaims
have been withdrawn and all of the parties have agreed that they
will have no further claims against one another arising out of the
disputes forming the subject of both the arbitration proceedings
and the action, including any claims for costs.
Pretoria
10 December 2014
Sponsor: The Standard Bank of South Africa Limited
Legal advisor to Telkom: Hogan Lovells
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