Friday, 25 May 2007

Telkom gains from local loop unbundling delay

(Reuters) - Shares in fixed line telecommunications firm Telkom rose over 1 percent on Friday, after South Africa's communications minister said unbundling of the so-called "local loop" -- which links the firm to homes and businesses -- would have to be done in four years.

Communications minister Ivy Matsepe-Casaburri told parliament on Thursday that the local loop unbundling process -- which analysts say is key to competition -- should be completed by November 1, 2011.


Read more at Reuters Africa

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