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Telkom network overhaul halted by court

2 April 2012 By admin

JOHANNESBURG, April 2 (Reuters) – South Africa’s Telkom
has been forced to stop a planned 13 billion rand
($1.69 billion) network overhaul after infrastructure provider
ZTE Mzansi won a court order on Friday to halt the project,
Business Day newspaper reported.

ZTE Mzansi, a joint venture between China’s ZTE Corp
and local black-owned companies, took Telkom to
court after being disqualified from a bidding process related to
the project, Business Day said on Monday.

Telkom said it was reviewing the court judgement.
($1 = 7.6745 South African rand)

(Reporting by David Dolan; Editing by Ed Cropley)

© Thomson Reuters 2012 All rights reserved





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Filed Under: South Africa Tagged With: news, reuters, south africa

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About admin

The one with a "My Complex" - incurable but fun. Grumpy, Cynical, Wise and Idiotic. I can also be found HERE.

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