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Edition: U.S. Article Comments (0) Follow Reuters Analyst Research Report Title Price ValuEngine Industry Report for TELEPHONE UTILITIES Provider: ValuEngine, Inc. $49.0 Buy Telkom SA Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $10.0 Buy Telkom SA Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $10.0 Buy Validea Guru Analysis Report for TLKGY. Analysis using Validea's interpretation of the published quantitative strategies of well-known Wall Street experts including Peter Lynch, Warren Buffett, Ben Graham and Ken Fisher, among others. Provider: Validea $18.0 Buy Telkom SA ADR Provider: Standard & Poor's Quantitative Report $17.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. South Africa's Telkom sells part of Multi-Links Tweet Share this By Gugulakhe Lourie JOHANNESBURG (Reuters) - Africa's largest telephone group Telkom (TKGJ.J) is selling part of its loss-making Multi-Links operation in Nigeria for $52 million to Visafone Communications, sending its shares higher. South... Email Print Related News UPDATE 1-SAfrica's Telkom sells part of Multi-Links for $52mln 8:36am EDT UPDATE 2-Carlyle fund eyes more buyout deals in Africa Thu, Mar 24 2011 Stocks rise on Japan and M&A, volatility slips Mon, Mar 21 2011 RPT-UPDATE 3-Deutsche Telekom retreats to Europe with U.S. sale Mon, Mar 21 2011 Wall Street rebounds but light volume a worry Thu, Mar 17 2011 Analysis & Opinion UK budget deserves 6 out of 10 Let them eat oil Related Topics Technology » Stocks By Gugulakhe Lourie JOHANNESBURG | Fri Apr 1, 2011 10:44am EDT JOHANNESBURG (Reuters) - Africa's largest telephone group Telkom (TKGJ.J) is selling part of its loss-making Multi-Links operation in Nigeria for $52 million to Visafone Communications, sending its shares higher. South Africa-based Telkom paid $330 million three years ago for the Nigerian business which posted an operating loss of 262 million rand ($37.42 million) in the six months to end-September. Telkom said on Friday it will retain Multi-Links' fiber network and fixed-line units in Nigeria. "The prospects of (Telkom) growth are much better now that they have shed the luggage," said Dobek Pater, a telecoms analyst at Africa Analysis. "The upside for Telkom looked more rosier and that's why the share price is reacting positively." Shares in Telkom, valued at about 20 billion rand, rose 2.24 percent to 37.83 rand by 1420 GMT, outpacing a flat JSE Top-40 index .JTOPI. Asked about the price paid by Visafone, Pater said: "I think overall (Telkom) are selling from a back foot position, because they are taking quite a knock in this transaction in relation to the premium they paid when buying this business." Telkom said Visafone, established by Jim Ovia, the co-founder of Nigeria's Zenith Bank Plc (ZENITHB.LG), will pay for the mobile unit via a number of transaction steps. The unit is one of four mobile operators using the CDMA technology platform in a market dominated by the rival GSM standard and has been struggling in recent years. Multi-Links' CDMA business had 1.9 million users in the six months to end-September, down 8.4 percent. (Reporting by Gugulakhe Lourie; Editing by David Cowell) Technology Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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