Browsing: Helios Towers

Telkom is still keen to expand its operations elsewhere on the African continent despite the sensational failure of Multi-Links, its Nigerian business, says chairman Lazarus Zim. Zim was speaking at the group’s 2011 annual general meeting of

The long-running saga of Multi-Links, Telkom’s disastrous Nigerian investment, may finally be drawing to a close. The JSE-listed fixed-line operator has signed an agreement to sell Multi-Links to an affiliate company of Helios Towers

Telkom has pulled the plug on a plan to sell the wireless division of its Nigerian subsidiary, Multi-Links, to Visafone for US$52m and will stop funding the operation with immediate effect. Liquidation may follow. The decision to

Telkom has run into fresh trouble in attempts to sell the wireless arm of its troubled Nigerian subsidiary, Multi-Links, to that country’s Visafone. On Tuesday, a Nigerian high court found in favour of Helios Towers in a dispute over the validity of a site lease

Telkom may not sell the wireless arm of its troubled Nigerian subsidiary Multi-Links to rival operator Visafone, private equity group Helios reiterated at the weekend. But Telkom has come out firing, saying Helios has misinterpreted a Nigerian high court

The sale by Telkom of part of its troubled Nigerian unit Multi-Links to Visafone has hit a hurdle following the news that independent tower operator Helios Towers and SA’s Shanduka Group are suing for more than US$250m

JSE-listed Blue Label Telecoms says a controversial contract signed with Telkom’s ailing Nigerian operation, Multi-Links, is being reviewed. Blue Label co-CEO Mark Levy says the contract has reached its annual review time, and the company is willing to make some concessions to help save the troubled Multi-Links.