{"id":367298,"date":"2011-04-03T11:00:01","date_gmt":"2011-04-03T11:00:01","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/03\/telkom-sells-multi-links-to-visafone\/"},"modified":"2011-04-03T11:00:01","modified_gmt":"2011-04-03T11:00:01","slug":"telkom-sells-multi-links-to-visafone","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/03\/telkom-sells-multi-links-to-visafone\/","title":{"rendered":"Telkom sells Multi-Links to Visafone"},"content":{"rendered":"
\n

Johannesburg \u2013 Telkom South Africa said it has entered into a legally binding agreement to sell its\u00a0 Multi-Links\u2019 Code Division Multiple Access\u00a0 (CDMA) business to Visafone for 52 million dollars, Telkom said on Friday.<\/p>\n

Telkom, which owns Multi-Links, a Nigerian subsidiary, said in a statement in Pretoria that the sale to Visafone would be \u201cthrough a number of transaction steps\u201d.<\/p>\n

It said that the proceeds for Telkom would be net of the existing liabilities of Multi-Links CDMA business.<\/p>\n

According to the statement, Telkom said the deal was entered into on March 31 and is iconditional on inter-alia regulatory approvals.<\/p>\n

\u201cUpon the successful closing of the transaction, Telkom will retain Multi-Links\u2019 fibre.\u00a0 We are pleased to announce the successful conclusion of realigning our business model to focus on our core competencies network and fixed line operations in Nigeria,\u201d the statement said.<\/p>\n

\u201cWe are pleased to announce the successful conclusion of realigning our business model to focus on our core competencies\u201d, the statement quoted Mr Jeffrey Hedberg, former Acting Group Chief Executive Officer of Telkom as saying.<\/p>\n

\u201cTelkom management is of the opinion that the sale of the Multi-Links\u2019 CDMA business to Visafone represents the best option available to our shareholders and Multi-Links\u2019 customers\u201d , he was quoted further as saying.<\/p>\n

\"\"According to the statement, Mr. Jim Ovia, Founder and Chairman of Visafone\u00a0 said that the deal will solidify Visafone\u2019s position in the Nigerian marketplace.<\/p>\n

He promised the company\u2019s committment to offering world-class voice and data solutions to existing Multi-Links customers<\/p>\n

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\nTelkom sells Multi-Links to Visafone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Johannesburg \u2013 Telkom South Africa said it has entered into a legally binding agreement to sell its\u00a0 Multi-Links\u2019 Code Division Multiple Access\u00a0 (CDMA) business to Visafone for 52 million dollars, Telkom said on Friday. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-367298","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\nTelkom sells Multi-Links to Visafone - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/03\/telkom-sells-multi-links-to-visafone\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Telkom sells Multi-Links to Visafone - 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