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Telkom network overhaul halted

Apr 02 2012 08:24 Reuters

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 38.26
Change 0.14
% Change 0.00
Cumulative volume 28053
Market cap 19.93bn

Last Updated: 23/04/2014 at 11:02. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Telkom [JSE:TKG] has been forced to stop a planned R13bn network overhaul after infrastructure provider ZTE Mzansi won a court order on Friday to halt the project, Business Day newspaper reported.

ZTE Mzansi, a joint venture between China’s ZTE Corp and local black-owned companies, took Telkom to court after being disqualified from a bidding process related to the project, Business Day said on Monday.

Telkom said it was reviewing the court judgment.

 
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2014-04-22 13:37

 
 
 

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