Telkom SA Ltd, Pretoria

Our core strategy is to defend and grow profitable revenue, while managing costs. We will seek to defend profitable revenue by providing superior, customised solutions that meet the needs of consumer, business and wholesale customers. We will pursue growth of profitable revenue through fixed-wireless and mobile data services, broadband services and converged services both in South Africa and internationally. We will seek to grow both organically as well as through partnerships and acquisitions, while managing costs.

Telkom concluded the disposal and sale of Vodacom, its mobile segment that provided mobile services through its 50% joint venture interest in Vodacom, effective as of 20 April 2009. This transaction enables us to execute our strategies in the areas of mobile services, integrated solutions and the provision of converged fixed-line, mobile and data solutions. The deal also frees the Company from the geographic limitations previously imposed by the shareholder's agreement with Vodafone.