/ 21 March 2007

Report: Telkom to buy Nigerian telecoms company

Telkom is in the final stages of talks with Nigeria’s Multilinks to acquire a 75% stake in the company for $200-million, Nigeria’s ThisDay newspaper reported on Wednesday.

Multilinks director Ezekiel Fatoye was quoted as saying that the regulator Nigerian Communications Commission (NCC) had given ”anticipatory approval” for the acquisition.

Spokespersons at Telkom and Multilinks had no immediate comment to make when contacted by Reuters.

”We have already obtained an anticipatory approval from NCC to proceed with our discussions with Telkom,” Fatoye was quoted as saying in ThisDay.

Multilinks operates a fixed wireless network on the CDMA platform in several Nigerian cities and last year acquired a unified licence to offer the full complement of roaming voice, internet and data services. — Reuters