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.
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/ 9 December 2010
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.
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/ 22 January 2009
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?