MARIA Ramos, the national Treasury’s director, has reaffirmed the government’s commitment to execute the initial public offering (IPO) for Telkom, the telecoms utility, by the end of the year, Business Report said. “We are working like crazy to make sure this deal is executed in the last quarter of this year. The deadline we gave ourselves was the last quarter of this year and I think we are pretty well on course,” she said. But, Ramos cautioned, the state of the international market for telecoms stocks would influence the timing of the IPO and could lead to some postponement.