Data provided by McGregor BFA
All data is delayed
Loading...
See More
Where am I? Home

Telkom wins ruling on network upgrade

Mar 18 2013 20:12 Reuters

Related Articles

We will fight Telkom retrenchments: union

8ta brand to become Telkom Mobile

Telkom splurges R34m on New Age ads

Telkom jumps on board appointments

Telkom appoints new board members

Telkom offering packages to workers

 
Johannesburg - South African fixed-line operator Telkom said on Monday it had won a court dispute with an affiliate of China's ZTE Corp that had put on hold its planned network overhaul.

Telkom last year was forced to suspend a long-awaited upgrade to higher-speed broadband after infrastructure provider ZTE Mzansi won a court interdict to halt the project.

ZTE Mzansi, a joint venture between China's ZTE Corp and local black-owned companies, took Telkom to court after being disqualified from bidding for the project.

Telkom said in a statement the Supreme Court of Appeal had set aside the earlier interdict, meaning it could go ahead with the network upgrade.

“We had no doubt that Telkom’s procurement policy and procedures would not be found wanting,” said CEO Nombulelo Moholi.

“Telkom is pleased that the roll-out of the higher-speed broadband project has overcome a potential obstacle and can now continue unabated.”

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

zte mzansi  |  telkom  |  broadband
NEXT ON FIN24X

 
 
Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

For detailed Unit Trust information, click here.

We're Talking About...

The Debt Issue

The Debt Issue brings you the latest debt news, tips on how to deal with and avoid debt, a panel of debt experts and real life debt stories from across South Africa.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...