Telkom SA Limited - Telkom SA Limited - Vodacom pr
Telkom SA Limited - Telkom SA Limited - Vodacom press release
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(`Telkom`)
Telkom SA Limited - Vodacom press release
Vodacom Group (Proprietary) Limited (`Vodacom`) in which Telkom has a 50.0%
holding, yesterday issued the following statement:
`Vodacom and Virgin Group confirmed their intention to bring together their
extensive expertise in the Mobile Telephony market, and to form a Consortium
together to undertake a joint bid for a controlling stake in Nigeria`s V-Mobile.
The members of the new Consortium believe that the combination of Vodacom`s
extensive expertise in African Telecommunications markets and Virgin Group`s
proven skills in successfully operating in highly competitive markets, will
prove to be a very attractive proposition for V-Mobile shareholders, staff and
customers, and will ensure that V-Mobile becomes a far stronger company.
Further details will be announced at the appropriate time. `
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