Telkom invests in Nigeria

Telkom bought the 25percent of Nigerian firm Multi-Links it did not already own for R1,3billion as it seeks to offset sagging revenues at home by expanding elsewhere in Africa. South Africa's biggest fixed-line phone operator bought the private telecommunications operator from Kenston Investment. The deal was effective from January 21, it said yesterday. - Reuters

Telkom bought the 25percent of Nigerian firm Multi-Links it did not already own for R1,3billion as it seeks to offset sagging revenues at home by expanding elsewhere in Africa. South Africa's biggest fixed-line phone operator bought the private telecommunications operator from Kenston Investment. The deal was effective from January 21, it said yesterday. - Reuters

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