Shareholders are referred to the various cautionary announcements published on the Stock Exchange News Service of the JSE Limited, the last of which was released on 05 August 2015.
Telkom and MTN South Africa have been in discussions regarding the potential extension of their existing roaming agreement to include bilateral roaming and outsourcing of the operation of Telkom’s radio access network (“the transaction”).
Telkom and MTN South Africa have been informed by the Competition Commission that it has recommended to the Competition Tribunal that the transaction be prohibited.
The parties have thus agreed not to proceed with the transaction in its current form.
Accordingly, shareholders are advised that caution is no longer required to be exercised when dealing in Telkom’s securities.
Management will host a conference call at 16:00 (SA time) (GMT +2hrs) to discuss the outcome of the transaction with investors:
Live call access numbers for participants
|Playback access numbers – Playback access code: 38629#|
|Country||Access number||Country||Access number|
|Other Countries (Intl)||+27 11 535 3600||Other Countries (Intl)||+27 11 305 2030|
|South Africa||011 535 3600||South Africa||011 305 2030|
|UK (Toll-Free)||0808 162 4061||UK (Toll-Free)||0 808 234 6771|
|USA and Canada (Toll-Free)||1 855 481 5362||USA and Canada (Toll-Free)||1 855 481 5363|
17 August 2015
The Standard Bank of South Africa Limited