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Wednesday, August 29, 2007

Telkom SA explains acquisition of Multi-Links

Telkom South Africa has explained why it recently acquired a Nigerian Private Telephone Operator (PTO), Multi-Links Telecommunications Limited, describing the step as a marriage of two giants across the continent, event as it said Multi-Link is a financially sound company.

This is coming as the telco plans to invest $1 billion in five years on Multi-Links expansion.

The South Africa’s leading fixed-line operator, Telkom, it would be recalled recently acquired 75 per cent of Multi-Links for US$280 million.

Giving this explanation, the new chief executive officer, Multi-Links, Mr. Justin Ramayia, in his maiden session with media in Lagos, said that although Telkom acquired Multi-Links based on its credential of quality of service and similarity in good corporate governance.

According to him, Multi-Links is a pioneer private telephone operator that was established in 1994 and got its first license to operate Private Network licenses on May 1, 1996.

He stressed that Multi-Links is an established trusted brand in telecommunications market in Nigeria.

“Known for good corporate governance, renowned for good service quality and has pioneered CDMA 2000 deployment in Africa,” he said.

Mr. Ramayia equally declared that Multi-Links is a financially sound telecommunications company, adding that investment into the telco in Nigeria would boost Information and Communication Technology knowledge and skills transfer that is needed to grow the industry.

He emphasised that Multi-Links’ subscribers within Lagos and its environs enjoy reliable wireless telephone service integrated with high speed Internet service.

Multi-Links, it was gathered has a loyal subscriber base of more than 100,000 and with its recent expansion the company is positioned to enhance this to over 500,000 by the end of 2006.

On the other hand, Telkom said it would bring its leadership on the continent to bear on the growth of the company as the largest fixed line operator in Africa.

Other services Telkom boast of include voice, data services, IPLC, leased hosting services, e-commerce platform and security among others.

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