Telkom SA Snaps Up Multi-links

Telkom has acquired the final 25% of Multi-links Telecommunications Ltd. from Kenston Investment Ltd. for US$130 million

January 23, 2009

1 Min Read

JOHANNESBURG -- Telkom has acquired a further 25% of Multi-Links Telecommunications Limited ("Multi-Links") from Kenston Investment Limited for USD130 million with effect from January 21, 2009, thereby increasing its ownership of Multi-Links to 100%. The purchase price was determined by an independent expert.

Multi-Links is a Nigerian Private Telecommunications Operator with a Unified Access License and Internet Service Provider License providing fixed, mobile, data, long distance and international telecommunications services throughout Nigeria. Telkom acquired its initial 75% shareholding in Multi-Links in May 2007.

Telkom SA Ltd. (NYSE/Johannesburg: TKG)

Multi-links Telecommunications Ltd.

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