-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IQgteW/v1S9kdiYjsH2XJDg6cE9/LAs5tzw+SF9tGBDeRX14BDNpDp41S4o5dIR0 3Avvj5IzY1OuizrNztgx1w== 0001362310-08-004970.txt : 20080903 0001362310-08-004970.hdr.sgml : 20080903 20080903162237 ACCESSION NUMBER: 0001362310-08-004970 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20080801 FILED AS OF DATE: 20080903 DATE AS OF CHANGE: 20080903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TELKOM SA LTD CENTRAL INDEX KEY: 0001214299 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 00000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31609 FILM NUMBER: 081054188 BUSINESS ADDRESS: STREET 1: TELKOM TOWERS NORTH STREET 2: 152 PROES STREET PRETORIA REPUBLIC OF CITY: SOUTH AFRICA STATE: T3 ZIP: 00000 BUSINESS PHONE: 27123215808 MAIL ADDRESS: STREET 1: TELKOM TOWERS NORTH STREET 2: 152 PROES STREET PRETORIA REPUBLIC OF CITY: SOUTH AFRICA STATE: T3 ZIP: 00000 6-K 1 c75053e6vk.htm FORM 6-K Filed by Bowne Pure Compliance
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of: August 2008
001-31609
(Commission File Number)
Telkom SA Limited
(Translation of registrant’s name into English)
Telkom Towers North
152 Proes Street
Pretoria 0002
The Republic of South Africa

(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained on this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                .
 
 

 

 


 

On August 8, 2008, Telkom SA Limited (“Telkom”) issued an announcement informing shareholders that the special and ordinary resolutions as set out in the notice of meeting dealing with amendments to the company’s articles of association were passed by the requisite majorities. A copy of the announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
On August 13, 2008, Telkom announced the appointment of Mr. Peter Joubert as a non executive director of the company with effect from August 12, 2008. A copy of the announcement is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
On August 14, 2008, Telkom announced the distribution of the annual report, incorporating the audited financial statements, for the year ended March 31, 2008, which contain no changes to the reviewed provisional results which were published on June 9, 2008. The announcement also contains the notice of the annual general meeting of the company to be held on September 15, 2008. A copy of the announcement is attached hereto as Exhibit 99.3 and is incorporated herein by reference. The annual report contains forward-looking statements and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
On August 26, 2008, Telkom issued a further cautionary announcement regarding a letter from a consortium comprising Mvelaphanda Holdings (Proprietary) Limited, affiliated funds of Och-Ziff Capital Management Group and other strategic funders (the “Consortium”), which stated that the Consortium was considering making an offer for the entire issued share capital of Telkom, subject to a number of pre-conditions. A copy of the further cautionary announcement is attached hereto as Exhibit 99.4 and is incorporated herein by reference. The further cautionary announcement contains forward-looking statements and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
On August 26, 2008, Telkom issued a further cautionary announcement regarding the non-binding proposal from a wholly-owned subsidiary of Vodafone Group Plc to acquire a portion of Telkom’s stake in Vodacom Group (Proprietary) Limited (“Vodacom”), subject to certain conditions. A copy of the further cautionary announcement is attached hereto as Exhibit 99.5 and is incorporated herein by reference. The further cautionary announcement contains forward-looking statements and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
On August 29, 2008, Telkom issued an announcement regarding Vodacom’s acquisition of Gateway Telecommunications SA (Pty) Ltd. A copy of the announcement is attached hereto as Exhibit 99.6 and is incorporated herein by reference. The announcement contains forward-looking statements and includes cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
On August 29, 2008, Telkom issued a press release regarding reports of a proposal received by Telkom from the Mowana Consortium, which the Board of Telkom will, in accordance with its fiduciary duties, evaluate, along with any other proposal received, in order to determine whether it would be in the best interests of shareholders and whether it will be capable of being implemented in full. A copy of the press release is attached hereto as Exhibit 99.7 and is incorporated herein by reference.

 

 


 

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
All of the statements contained herein and in the exhibits incorporated by reference herein, as well as oral statements that may be made by Telkom or Vodacom, or by officers, directors or employees acting on their behalf related to such subject matter, that are not statements of historical facts constitute or are based on forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, specifically Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended.
These forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause Telkom’s or Vodacom’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Among the factors that could cause Telkom’s or Vodacom’s actual results or outcomes to differ materially from their expectations are those risks identified in Item 3. “Key Information-Risk Factors” contained in Telkom’s most recent Annual Report on Form 20-F filed with the US Securities and Exchange Commission (SEC) and its other filings and submissions with the SEC which are available on Telkom’s website at www.telkom.co.za/ir, including, but not limited to, any changes to our mobile strategy and Vodacom holdings and our ability to successfully implement such strategy and organizational changes thereto, increased competition in the South African fixed-line, mobile and data communications markets; our ability to implement our strategy of transforming from basic voice and data connectivity to fully converged solutions, developments in the regulatory environment; continued mobile growth and reductions in Vodacom’s and Telkom’s net interconnect margins; Telkom’s and Vodacom’s ability to expand their operations and make investments and acquisitions in other African countries and the general economic, political, social and legal conditions in South Africa and in other countries where Telkom and Vodacom invest; our ability to improve and maintain our management information and other systems; our ability to attract and retain key personnel and partners; our inability to appoint a majority of Vodacom’s directors and the consensus approval rights at Vodacom may limit our flexibility and ability to implement our preferred strategies; Vodacom’s continued payment of dividends or distributions to us; our negative working capital; changes in technology and delays in the implementation of new technologies; our ability to reduce theft, vandalism, network and payphone fraud and lost revenue to non-licensed operators; the amount of damages Telkom is ultimately required to pay to Telcordia Technologies Incorporated; the outcome of regulatory, legal and arbitration proceedings, including tariff approvals, and the outcome of Telkom’s hearings before the Competition Commission and others; any requirements that we unbundle the local loop, our ability to negotiate favorable terms, rates and conditions for the provision of interconnection services and facilities leasing services or if ICASA finds that we or Vodacom have significant market power or otherwise imposes unfavorable terms and conditions on us; our ability to implement and recover the substantial capital and operational costs associated with carrier preselection, number portability and the monitoring, interception and customer registration requirements contained in the South African Regulation of Interception of Communications and Provisions of Communication-Related Information Act and the impact of these requirements on our business; Telkom’s ability to comply with the South African Public Finance Management Act and South African Public Audit Act and the impact of the Municipal Property Rates Act and the impact of these requirements on our business; fluctuations in the value of the Rand and inflation rates; the impact of unemployment, poverty, crime, HIV infection, labor laws and labor relations, exchange control restrictions and power outages in South Africa; and other matters not yet known to us or not currently considered material by us.
We caution you not to place undue reliance on these forward-looking statements. All written and oral forward-looking statements attributable to Telkom or Vodacom, or persons acting on their behalf, are qualified in their entirety by these cautionary statements. Moreover, unless Telkom or Vodacom is required by law to update these statements, they will not necessarily update any of these statements after the date hereof, either to conform them to actual results or to changes in their expectation.

 

 


 

         
Exhibit   Description
       
 
  99.1    
Announcement, dated August 8, 2008, issued by Telkom SA Limited (“Telkom”), informing shareholders that the special and ordinary resolutions as set out in the notice of meeting dealing with amendments to the company’s articles of association were passed by the requisite majorities.
       
 
  99.2    
Announcement, dated August 13, 2008, issued by Telkom, regarding the appointment of Mr. Peter Joubert as a non executive director of the company with effect from August 12, 2008.
       
 
  99.3    
Announcement, dated August 14, 2008, issued by Telkom, regarding the distribution of the annual report, incorporating the audited financial statements, for the year ended March 31, 2008, which contain no changes to the reviewed provisional results which were published on June 9, 2008. The announcement also contains the notice of the annual general meeting of the company to be held on September 15, 2008.
       
 
  99.4    
Further cautionary announcement, dated August 26, 2008, issued by Telkom, regarding a letter from a consortium comprising Mvelaphanda Holdings (Proprietary) Limited, affiliated funds of Och-Ziff Capital Management Group and other strategic funders (the “Consortium”), which stated that the Consortium was considering making an offer for the entire issued share capital of Telkom, subject to a number of pre-conditions.
       
 
  99.5    
Further cautionary announcement, dated August 26, 2008, issued by Telkom, regarding the non-binding proposal from a wholly-owned subsidiary of Vodafone Group Plc to acquire a portion of Telkom’s stake in Vodacom Group (Proprietary) Limited (“Vodacom”), subject to certain conditions.
       
 
  99.6    
Announcement, dated August 29, 2008, issued by Telkom, regarding Vodacom’s acquisition of Gateway Telecommunications SA (Pty) Ltd.
       
 
  99.7    
Press release, dated August 29, 2008, issued by Telkom, regarding reports of a proposal received by Telkom from the Mowana Consortium, which the Board of Telkom will, in accordance with its fiduciary duties, evaluate, along with any other proposal received, in order to determine whether it would be in the best interests of shareholders and whether it will be capable of being implemented in full.

 

 


 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
  TELKOM SA LIMITED
 
 
  By:   /s/ Deon Fredericks    
    Name:   Deon Fredericks   
    Title:   Acting Chief of Finance   
 
Date: September 3, 2008

 

 

EX-99.1 2 c75053exv99w1.htm EXHIBIT 99.1 Filed by Bowne Pure Compliance
EXHIBIT 99.1
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(“Telkom” or “the Company”)
Result of general meeting
Shareholders are advised that at the general meeting of Telkom held today, Friday 8 August 2008, the special and ordinary resolutions as set out in the notice of meeting dealing with amendments to the company’s articles of association were passed by the requisite majorities. The special resolution has been lodged with the Registrar of Companies for registration.
Pretoria
8 August 2008
Sponsor
UBS Securities South Africa (Pty) Limited

 

 

EX-99.2 3 c75053exv99w2.htm EXHIBIT 99.2 Filed by Bowne Pure Compliance
EXHIBIT 99.2
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(“Telkom” or “the Company”)
Telkom — Appointment Of Director
In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, Telkom is pleased to announce the appointment of Mr Peter Joubert as a non executive director of the company with effect from 12 August 2008.
Pretoria
13 August 2008
Sponsor
UBS Securities South Africa (Pty) Limited

 

 

EX-99.3 4 c75053exv99w3.htm EXHIBIT 99.3 Filed by Bowne Pure Compliance
EXHIBIT 99.3
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(“Telkom” or “the Company”)
No change statement and notice of annual general meeting
Shareholders are advised that posting will begin today, Thursday 14 August 2008 of Telkom’s 2008 annual report, incorporating the audited financial statements for the year ended 31 March 2008. The 2008 annual report contains no changes to the reviewed provisional results which were published on 9 June 2008.
Notice is hereby given that the sixteenth annual general meeting of the company will be held in the Auditorium, Gallagher Estate, 19 Richards Drive, Midrand, Johannesburg, South Africa on Monday 15 September 2008 at 10:30.
Pretoria
14 August 2008
Sponsor
UBS South Africa (Pty) Limited

 

 

EX-99.4 5 c75053exv99w4.htm EXHIBIT 99.4 Filed by Bowne Pure Compliance
EXHIBIT 99.4
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(“Telkom” or “the Company”)
Further Cautionary Announcement
Telkom shareholders are referred to the cautionary announcement published on 2 June 2008 and further cautionary announcement published on 15 July 2008 regarding the receipt of a letter from a consortium comprising Mvelaphanda Holdings (Proprietary) Limited, affiliated funds of Och-Ziff Capital Management Group and other strategic funders (“the Consortium”). The letter from the Consortium states that the Consortium is considering making an offer for the entire issued share capital of Telkom subject to a number of pre-conditions, inter alia, confirmation by the Telkom Board that it will unbundle Telkom’s entire 50% stake in Vodacom as part of the offer.
The discussions with the Consortium are independent of the discussions with Vodafone Group Plc (“Vodafone”) which are referred to in a separate cautionary, regarding the acquisition by Vodafone’s wholly owned subsidiary of a portion of Telkom’s stake in Vodacom Group (Proprietary) Limited (“Vodacom”). The discussions with the Consortium are still ongoing and shareholders are therefore advised to continue to exercise caution when dealing in Telkom securities until a further announcement is made.
In fulfilling its fiduciary responsibilities, the Telkom Board is committed to concluding these discussions expeditiously.
26 August, 2008
Pretoria
Transaction Sponsor: J.P. Morgan Equities
Special note regarding forward-looking statements
Many of the statements included in this announcement constitute or are based on forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements regarding our future financial position and plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings and financing plans, as well as projected levels of growth in the communications market, are forward looking statements. Forward looking statements can generally be identified by the use of terminology such as “may”, “will”, “should”, “expect”, “envisage”, “intend”, “plan”, “project”, “estimate”, “anticipate”, “believe”, “hope”, “can”, “is designed to” or similar phrases, although the absence of such words does not necessarily mean that a statement is not forward looking. These forward looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause our actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward looking statements. We caution you not to place undue reliance on these forward looking statements. All written and oral forward looking statements attributable to us, or persons acting on our behalf, are qualified in their entirety by these cautionary statements. Moreover, unless we are required by law to update these statements, we will not necessarily update any of these statements after the date of our most recent annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC), either to conform them to actual results or to changes in our expectations.
Telkom SA Limited filed an annual report on Form 20-F with the US SEC, for the year ended March 31, 2008 on July, 21, 2008. This annual report includes a detailed description of risk factors that may affect its business. For further information you should refer to the Form 20-F and other filings with the US SEC, which are available on Telkom’s investor relations website at www.telkom.co.za/ir.

 

 

EX-99.5 6 c75053exv99w5.htm EXHIBIT 99.5 Filed by Bowne Pure Compliance
EXHIBIT 99.5
Telkom SA Limited
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
(“Telkom” or “the Company”)
Further Cautionary Announcement
Telkom shareholders are referred to the cautionary announcement published on 2 June 2008 and further cautionary announcement published on 15 July 2008 regarding the non binding proposal by a wholly-owned subsidiary of Vodafone Group Plc (“Vodafone”) to acquire a portion of Telkom’s stake in Vodacom Group (Proprietary) Limited (“Vodacom”). The non binding proposal from Vodafone is subject to, inter alia, the Company unbundling its remaining stake in Vodacom to Telkom shareholders.
The discussions with Vodafone are still ongoing and shareholders are therefore advised to continue to exercise caution when dealing in Telkom securities until a further announcement is made.
In fulfilling its fiduciary responsibilities, the Telkom Board is committed to concluding these discussions expeditiously.
26 August, 2008
Pretoria
Transaction Sponsor: J.P. Morgan Equities
Special note regarding forward-looking statements
Many of the statements included in this announcement constitute or are based on forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, including, among others, statements regarding our future financial position and plans, strategies, objectives, capital expenditures, projected costs and anticipated cost savings and financing plans, as well as projected levels of growth in the communications market, are forward looking statements. Forward looking statements can generally be identified by the use of terminology such as “may”, “will”, “should”, “expect”, “envisage”, “intend”, “plan”, “project”, “estimate”, “anticipate”, “believe”, “hope”, “can”, “is designed to” or similar phrases, although the absence of such words does not necessarily mean that a statement is not forward looking. These forward looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause our actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward looking statements. We caution you not to place undue reliance on these forward looking statements. All written and oral forward looking statements attributable to us, or persons acting on our behalf, are qualified in their entirety by these cautionary statements. Moreover, unless we are required by law to update these statements, we will not necessarily update any of these statements after the date of our most recent annual report on Form 20-F filed with the US Securities and Exchange Commission (SEC), either to conform them to actual results or to changes in our expectations.
Telkom SA Limited filed an annual report on Form 20-F with the US SEC, for the year ended March 31, 2008 on July, 21, 2008. This annual report includes a detailed description of risk factors that may affect its business. For further information you should refer to the Form 20-F and other filings with the US SEC, which are available on Telkom’s investor relations website at www.telkom.co.za/ir.

 

 

EX-99.6 7 c75053exv99w6.htm EXHIBIT 99.6 Filed by Bowne Pure Compliance
EXHIBIT 99.6
Telkom SA Limited
Registration number: 1991/005476/06
ISIN number: ZAE000044897
JSE and NYSE share code: TKG
VODACOM ACQUISITION OF GATEWAY
Shareholders are referred to the announcement below issued by Vodacom Group (Pty) Limited, a joint venture company in which Telkom holds a 50% interest:
Vodacom has agreed to acquire the carrier services and business network solutions subsidiaries of Gateway Telecommunications SA (Pty) Ltd (“Gateway”) for an enterprise value of approximately US$675 million plus a makewhole payment of approximately US$25 million in relation to Gateway’s high-yield bond.
Commenting on the transaction, Pieter Uys, Chief Executive Officer designate of Vodacom Group, said:
“The acquisition of Gateway reflects Vodacom’s strategy to reposition itself as a leading pan-African provider of communications services and to diversify from its current status as primarily a mobile-centric network operator. We believe that Gateway’s significant presence across Africa will allow Vodacom to tap into the huge potential for growth in business services and connectivity and will enhance our position with multinational corporations.”
Peter Gbedemah, Chief Executive Officer of Gateway added:
“This is an exciting milestone in Gateway’s development as a unique pan-African service provider. We will increase resources, efficiency, and product range and continue our relentless focus on meeting the requirements of all Africa’s mobile networks and multi-national corporations.”
Overview of Gateway
Gateway is Africa’s largest independent provider of interconnection services via satellite and terrestrial network infrastructure for both African and international telecommunications companies. Gateway also provides an extensive range of high quality, end-to-end connectivity solutions to multinational corporations operating across Africa.
Gateway employs approximately 350 employees in 17 countries throughout Africa and Europe. For the year ended 31 December 2007, Gateway’s sales were US$257 million.
The broadcasting businesses held by Gateway Telecommunications (Pty) Ltd (Gateway Broadcast Services Group) are not part of the transaction and will be retained by the current owners.
Compelling strategic rationale and growth opportunities
The acquisition of Gateway is in line with Vodacom’s growth strategy and offers multiple strategic benefits including:
  Acceleration of international expansion

 

 


 

    Broadens Vodacom’s international presence in key markets throughout Africa, especially Nigeria, and creates a platform for future expansion
 
    Positions Vodacom as partner of choice for multinational customers and international telecommunications providers seeking African connectivity
  Strengthening of total communications strategy
    Complements Vodacom’s business services strategy in South Africa and allows roll-out of existing products and services, in addition to new offerings, across the continent
    Access to Gateway’s blue chip customer base enables the marketing of converged fixed and mobile offerings across Africa
  Substantial growth potential
    The nascent sub-Saharan business services market is expected to continue to grow rapidly
    Access to new growth markets across Africa is designed to enhance Vodacom’s growth profile
  Significant synergy potential
    Cost savings expected from satellite operations, vertical integration and procurement
    Revenue synergies expected from the combination of Gateway’s connectivity platform with Vodacom’s IP skills, new service offerings and cross-selling opportunities
Transaction Structure
Subsidiaries nominated by Vodacom Group (Pty) Ltd will purchase from Gateway Telecommunications SA (Pty) Ltd 100% of the shares in Gateway Telecommunications plc, Gateway Communications (Pty) Ltd, Gateway Communications Mozambique LDA, Gateway Communications (Tanzania) Ltd and GS Telecom (Pty) Ltd and their respective subsidiaries, subject to customary conditions.
Conditions precedent
The transaction remains subject to certain conditions, including approval from the South African Reserve Bank and the relevant regulatory and competition authorities.
UBS Investment Bank acted as exclusive financial adviser to Vodacom on this transaction.
Pretoria
29 August 2008
JSE Sponsor
UBS
Note to Editors on makewhole payment
The makewhole payment relates to the premium which will be paid to discharge the High Yield notes.

 

 


 

All of the statements included in this document, as well as oral statements that may be made by us or by officers, directors or employees acting on behalf of us, that are not statements of historical facts, including but not limited to financial targets and prospects, constitute or are based on forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, specifically Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause our actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Among the factors that could cause our actual results or outcomes to differ materially from our expectations are those risks identified in Item 3. “Key Information-Risk Factors,” of Telkom’s most recent Annual Report on Form 20-F filed with the US Securities and Exchange Commission (SEC) and its other filings and submissions with the SEC which are available on Telkom’s website at www.telkom.co.za/ir.
We caution you not to place undue reliance on these forward-looking statements. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are qualified in their entirety by these cautionary statements. Moreover, unless we are required by law to update these statements, we will not necessarily update any of these statements after the date hereof, either to confirm them to actual results or to changes in our expectation.

 

 

EX-99.7 8 c75053exv99w7.htm EXHIBIT 99.7 Filed by Bowne Pure Compliance
EXHIBIT 99.7
TKG — Telkom SA Limited — Press Release
Telkom SA Limited
Registration number: 1991/005476/06)
(ISIN number: ZAE000044897)
JSE and NYSE share code: TKG
(“Telkom” or “the Company”)
Press Release
Telkom SA Limited (“Telkom”) refers to a press report this morning regarding a proposal received by Telkom from the Mowana Consortium.
Telkom has received a number of enquiries and expressions of interest in respect of one or more components of its business. Telkom has not entered into any discussions in respect of any of these expressions of interest, other than those referred to in Telkom`s cautionary announcements renewed on 26 August 2008.
The Board of Telkom will, in accordance with its fiduciary duties, evaluate any proposal received in order to determine whether it would be in the best interests of shareholders and whether it is capable of being implemented in full. Telkom will release an appropriate announcement if at any stage it enters into discussions in respect of any expressions of interest.
Telkom SA Limited
Date: 29/08/2008

 

 

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