News Column

Telkom and Organised Labour conclude consultations

August 5, 2014



ENP Newswire - 05 August 2014

Release date- 01082014 - After extensive facilitated consultations and deliberations, management and labour have, in the spirit of cooperation, reconciliation and acting in the best interest of all parties, reached consensus that the current restructuring process will proceed.

The parties have agreed that the process of placing employees, and VSP/VERP's for all management, will proceed next week. ABOUT TELKOM:

Telkom SA SOC Limited ('Telkom') is a full-service telecommunications provider for South Africa. The Company offers wholesale, business, residential and payphone customers a wide range of voice and data services and products, in support of the company's mission statement - seamlessly connecting people to a better life. As of 31 March 2014, Telkom had approximately 3.6 million telephone access lines in service and 475,144 ports connected via MSAN access.

The company had consolidated operating revenue of R32.5 billion and profit after tax of R1,577 million for the year ended 31 March 2014, excluding the net curtailment gain. Total assets amounted to R39.4 billion and equity attributable to the owners of Telkom to R22.8 billion as of 31 March 2014. The group generated normalised free cash flow of R1.2 billion for the year ended 31 March 2014.

The company offers business, residential and payphone customers a wide range of services and products, including:

fixed-line retail voice services using PSTN (Public Switched Telephone Network) lines, including ISDN (Integrated Services Digital Network) lines, and the sale of subscription based value-added voice services and calling plans;

fixed-line customer premises equipment rental and sales services both voice and data needs and these include PABX, Computers, Routers, Modems, Telephone handsets and other ancillary equipment;

interconnection services, including terminating and transiting traffic from South African mobile operators, as well as from international operators and transiting traffic from mobile to international destinations;

fixed-line data services, including domestic and international data transmission services, such as point-to-point leased lines, ADSL (Asymmetrical Digital Subscriber Line) services, packet-based services, managed data networking services and internet access and related information technology services;

Data Centre Operations includes e-commerce, application service provider, hosting, data storage, e-mail and security services;W-CDMA (Wideband Code Division Multiple Access), a 3G next generation network, including fixed voice services, data services and nomadic voice services;

W-CDMA (Wideband Code Division Multiple Access), a 3G next generation network, including fixed voice services, data services and nomadic voice services;

mobile communication services, including voice services, data services and handset sales through our mobile brand called Telkom Mobile;

Telkom Mobile is continuously expanding its Long Term Evolution (LTE) coverage. It is the Company's latest generation of mobile network technology that provides superfast mobile wireless broadband with low latency (or buffering) that gives users an unsurpassed experience for their everyday data connectivity needs. It is a step up from 3G offering up to 90Mbps download speed and up to 25Mbps upload speeds - approximately three to four times faster than current 3G speeds. It is an ideal option for use in areas where there is no ADSL infrastructure; and

Convergence is one of our key strategic initiatives in building a sustainable future for Telkom. We will lead the provision of converged services in South Africa in support of our mission statement: Seamlessly connecting people to a better life.

The Telkom Group consists of Telkom as well as two main subsidiaries, namely Trudon and Swiftnet. Trudon provides several directory service offerings off both physical and electronic platforms and Swiftnet provides a suite of services including traditional connectivity services for point-of sale, managed SIM services and customised wireless and wired Virtual Private Network Services. Telkom is listed on the Johannesburg Stock Exchange (JSE) and has a market capitalisation of approximately R17.5 billion (as at 31 March 2014). For further enquiries, please contact:

PYNEE CHETTY

Senior Specialist: Media Relations

Tel.: (012) 642 1716

Cell: 081 389 7874

Email: chettpr2@telkom.co.za

or

LEIGH-ANN FRANCIS

Specialist: Media Relations

Tel.: (012) 642 1728

Cell: 081 391 4780

Email: francilm@telkom.co.za


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Source: ENP Newswire


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