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
Browsing: Multi-Links
In this week’s post-Youth Day show, Duncan McLeod and Craig Wilson discuss Telkom’s results presentation on Monday, looking at the ongoing troubles at Multi-Links in Nigeria and 8ta’s latest subscriber numbers. They also chat about IBM’s centenary, the
Former Telkom CEO Reuben September’s ghost loomed large over the parastatal this week with the announcement that the fixed-line operator has lost R9,8bn because of its failed investment in Nigerian business Multi-Links. To put this loss into perspective, Telkom’s
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
JSE-listed Blue Label Telecoms said on Monday it has decided to terminate its business activities in Nigeria. This follows the cancellation of a contract in that country with Telkom subsidiary Multi-Links. Blue Label co-CEO Mark Levy says the decision will allow it
Telecommunications operator Telkom has increased its full-year dividend by 16%, from 125c/share to 145c/share, despite turning in disappointing financial results in the 12 months to 31 March 2011. “The ordinary dividend has been calculated
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
SA fixed-line operator Telkom has finally dumped the troubled wireless segment of its Nigerian telecommunications provider Multi-Links. Visafone Communications will buy Multi-Links’s code division multiple access