Telkom invests in Nigeria

23 January 2009 - 02:00
By unknown

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