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Telkom network overhaul halted

Apr 02 2012 08:24 Reuters

Company Data

TELKOM SA SOC LIMITED [JSE:TKG]

Last traded 49.48
Change -0.48
% Change -0.01
Cumulative volume 516047
Market cap 25.77bn

Last Updated: 23/07/2014 at 03:33. 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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