Telkom has acquired 75% of Multi-links Telecommunications Limited ("Multi-links") for USD280 million. Multi-links is a Nigerian Private Telecommunications Operator with a Unified Access License providing fixed, mobile, data, long distance and international telecommunications services throughout Nigeria. Conditions Precedent remains to be fulfilled by both parties.
A further announcement will be made in due course.
Johannesburg
22 March 2007
Sponsor: UBS