Shareholders are advised that Telkom today received judgment from the Competition Tribunal in the case between Telkom and the South African Value added Networks Services (SAVA)
The Competition Tribunal today found that Telkom was in breach of sections 8(b) and 8(d)(1) of the Competition Act ,Act 89 of 1998 and has imposed a fine of R 449 million of which 50% is payable within 6 months from date of the order and the balance to be paid within 18 months of date of order. Telkom is currently in the process of studying the judgment and its implications, and if necessary a follow- up announcement in this regard will be considered in due course.
07 August 2012
Sponsor to Telkom:
UBS South Africa (Pty) Ltd