Bloomberg News

Telkom Agrees to Sell Multi-Links to Affiliate of Helios Towers

June 28, 2011

June 28 (Bloomberg) -- Telkom South Africa Ltd. said it reached an agreement through which an affiliate of Helios Towers Nigeria Ltd. will acquire full ownership and control of Multi- Links.

Multi-Links will be sold for about $10 million, and Telkom with continue to provide interim operational funding to Multi- Links while the transaction is completed, expected in August, the South African company said.

Link to Statement:{NSN LNIBAK3HBS3K <GO>}

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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