| SENS Note - 25 June 2008 |
| MTN -- acquisition |
|
MTN has entered into an agreement with Verizon Business, part of US based Verizon Communications Inc, to acquire 100% of Verizon South Africa (Pty) Ltd ("Verizon Business South Africa"). Verizon Business corporate entities currently own approximately 70% of Verizon Business South Africa with the balance held by an entity controlled by Jay & Jayendra (Pty ) Ltd, which is part of the J&J Group. |
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