Telecoms group Telkom says it had signed heads of agreement on Multi-Links with an affiliate of Helios Towers Nigeria.

Almost R10-billion in losses later, no one has been held accountable for the company’s haemorrhaging Nigerian investment.

A Nigerian firm backed by Helios Investment Partners and South Africa’s Shanduka Group has said it is suing Telkom for at least $251-million.

Telkom’s newly appointed CEO considers Africa as a growth region and said on Tuesday it will look at acquisitions after two to three years.

Union dossier on corruption in Telkom implicates 16 current and former senior managers and executives.

Telkom warns the launch of mobile operator 8ta and a wage agreement with trade unions will hit earnings in the six months to September 30, 2010.

Telkom’s expansion into Africa took another step forward on Thursday with the acquisition of the remaining 25% of Multi-Links.

Zain Mobile is coming. The question is, will they partner with Telkom?