Last Updated January 26, 2011
Telkom SA signs Sinosure-backed deal
One of Africa’s largest fixed-line telecommunications operators Telkom SA has signed a syndicated US$127mn Sinosure-backed facility to secure equipment from the Chinese company Huawei.
The deal will in part support Telkom’s five-year expansion plan into the mobile telecommunications market in South Africa. The company sold its stake in its mobile arm Vodacom last year, and is in the process of rolling out its own new mobile network.
