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October 17, 2007

Telkom rejects HP's alternate equity plan

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.

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Posted by StaffWriter at October 17, 2007 12:20 PM