Browsing: Multi-Links

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

Outgoing Telkom acting group CEO Jeffrey Hedberg has agreed to stay on at the group in an advisory capacity until its annual results presentation in June. The follows news of Nombulelo “Pinky” Moholi’s

Telkom’s board is widely expected to appoint Nombulelo “Pinky” Moholi, MD of its SA operation, as its new group CEO, a move analysts say is great news for the partially state-owned fixed-line telecommunications