The damages claim by Helios Towers Nigeria for anticipatory breach of contract for $252 million, however, had not yet been set down for hearing.
"Irrespective of the litigation in respect of the master lease agreement, the parties are still continuing to perform in terms of the agreement.
"Multi-Links is reviewing the implications of the judgment and all options will be considered," Telkom said.
In April, Telkom outlined its proposed sale of Multi-Links Telecommunications Limited's CDMA business to Visafone Communications for $52 million.
The settling of the Helios Towers Nigeria dispute, however, was one of the conditions precedent to the transaction.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
