Telkom rejects HP's alternate equity plan

October 17, 2007
Telkom has refused to give any new supply contracts to Hewlett-Packard (HP) after rejecting the company's equity equivalent projects, an executive close to a multinational ICT company, said yesterday.
This comes after a series of warnings from Telkom that it would stop doing business with suppliers that would not sell at least a 30 percent stake to empowerment partners, as required by the information and communication technology sector charter.

Read More