South Africa's telephone group Telkom said it has entered into a binding agreement to sell the CDMA business of its Nigerian unit Multi-Links Telecommunications to Visafone. The buyer will pay an enterprise value of USD 52mn for the business via a number of transaction steps. The proceeds for Telkom will be net of the existing liabilities of Multi-Links CDMA business, the seller said in a statement The transaction is conditional on regulatory approvals. Upon the closing of the transaction, Telkom will retain Multi-Links' fibre network and fixed line operations in Nigeria. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more