Browsing: Multi-Links

African Prepaid Services Nigeria (APSN), a now-mostly-dormant company in which JSE-listed Blue Label Telecoms has an effective 37% stake, is claiming US$481m, or about R4bn at the prevailing exchange rate, in damages from Multi-Links, Telkom’s former Nigerian

Telkom on Monday revealed it is considering buying information and communications technology (ICT) assets as it seeks to bolster its presence in the business technology market. In slides accompanying the group’s interim results for the six months to the end of September 2011

Telkom’s share price fell to new multi-year lows on Thursday of below R30/share after it warned the market of poor financial performance in the six-month period ended 30 September 2011 and after it said it would take a further R1bn profit hit related to its

Telkom investors are confused. When the telecommunications company issued its trading update at the end of last month, the surprise aspect was not the further R900m loss it incurred to get mobile operator 8ta on to its feet, nor the

Problems in its African operations outside SA, increasing competition and regulatory pressures have conspired to knock Telkom’s earnings in the six months to the end of September 2011, the telecommunications group has warned shareholders. Basic

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

SA’s most important telecommunications operator has been abused for years. Telkom has been fraught with political infighting and plagued by shocking management decisions. Now, finally, indications are new CEO Nombulelo Moholi is

Newly appointed Telkom group chief financial officer Jacques Schindehütte has promised to work with CEO Nombulelo Moholi to bring stability to the management team at the partially privatised telecommunications operator. The leadership

Telkom’s failed Multi-Links transaction in Nigeria has cost the company more than R7bn, communications minister Roy Padayachie said on Monday. He was responding to a written parliamentary question by the Democratic Alliance

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