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3 December 2010

Telkom sets the record straight

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.

For further enquiries, please contact:

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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ABOUT TELKOM:

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.

As of 30 September 2015, we had approximately 3.3 million telephone access lines in service and 1,030,441 ports connected via MSAN access. We offer business, residential and payphone customers a wide range of services and products, including:

  • fixed-line retail voice services using PSTN (Public Switched Telephone Network) lines, including ISDN (Integrated Services Digital Network) lines, and the sale of subscription based value-added voice services and calling plans;
  • fixed-line customer premises equipment rental and sales services both voice and data needs and these include PABX, Computers, Routers, Modems, Telephone handsets and other ancillary equipment;
  • interconnection services, including terminating and transiting traffic from South African mobile operators, as well as from international operators and transiting traffic from mobile to international destinations;
  • fixed-line data services, including domestic and international data transmission services, such as point-to-point leased lines, ADSL (Asymmetrical Digital Subscriber Line) services, packet-based services, managed data networking services and internet access and related information technology services;
  • Data Centre Operations includes e-commerce, application service provider, hosting, data storage, e-mail and security services;
  • W-CDMA (Wideband Code Division Multiple Access), a 3G next generation network, including fixed voice services, data services and nomadic voice services;
  • mobile communication services, including voice services, data services and handset sales through our mobile navbar-brand called Telkom Mobile;
  •  information and communication services including cloud services, infrastructure services, workspace services, global service integration management and hardware and network equipment sales locally, in seven African countries, the UK and Dubai through Business Connexion Group; and
  • other services including directory services, through Trudon (Pty) Ltd, wireless data services, through Swiftnet (Pty) Ltd.

Convergence is one of our key strategic initiatives in building a sustainable future for Telkom.  We will lead the provision of converged services in South Africa in support of our mission statement: Seamlessly connecting people to a better life.