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A recent report by a daily newspaper concerning a document which makes several allegations about Telkom is erroneous in several respects.
The Chairman of the Board of Directors of Telkom, Mr Jeff Molobela, who is also a member of the board of Multi-Links, Telkom's Nigerian operation, has confirmed that the management teams of Telkom and Multi-Links were given a mandate to investigate various strategic options for Multi-Links.
"Those discussions culminated in a resolution by the Telkom and Multi-Links boards, giving management a mandate to review options for the exit of the CDMA business in Nigeria," said Mr Molobela.
"We have received a number of expressions of interest which will be evaluated and quantified over the next quarter by the management team. At no time did Telkom Acting Group CEO Jeffrey Hedberg act against the Board's wishes, as indicated in the headline and article in a daily newspaper on Thursday this week. Anyone who suggests otherwise is being mischievous and acting maliciously."
The Board of Directors and Executive Management of Telkom have confirmed that they have received a document which was sent to the media.
Telkom believes it is unfortunate that the document is a faceless one.
Some of the issues raised in the document are not new to Telkom and have already been dealt with. Many of the issues raised are factually incorrect and devoid of truth.
Any new issues will be discussed by the Audit and Risk Committee of the Telkom Board of Directors, which will meet in the week commencing 6 December to review the contents of the document and determine the way forward.
Pynee Chetty Senior Specialist: Media Relations Group Communication Tel:+27 12 642 1716 Mobile: +27 81 389 7874 Email: chettpr2@telkom.co.za |
OR |
Leigh-Ann Francis Specialist: Media Relations Group Communication Tel: +27 12 642 1728 Mobile: +27 81 391 4780 Email: francilm@telkom.co.za |
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Telkom is a leading communications services provider in South Africa. We had consolidated operating revenue of R16.8 billion and normalised profit after tax of R1, 683 million for the period ended 30 September 2015. Total assets amounted to R41.9 billion and equity attributable to the owners of Telkom to R23.5 billion as of 30 September 2015. The group generated normalised free cash flow of R1.4 billion for the period ended 30 September 2015.
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