Multi-Links Telecommunications Limited

Multi-Links is a private limited liability company incorporated in Nigeria in 1994 to provide telecommunication services. On 6th November 2006, the Sector Regulator, the Nigerian Communications Commission issued Multi-Links a Unified Access Service Licence (“UASL”) with an initial 10 years validity with an option to renew for a further 5 years and enabling it further expand its services and provide a wide ranging bouquet of services covering Digital mobile & fixed telephony, ISP, VAS and payphone, Full international gateway and National long distance services

In May 2007, Telkom South Africa, a large African integrated communications company extended its footprint to West Africa through the acquisition of a 75% majority stake in Multi-Links. Telkom increased its ownership interest in Multi-Links to 100% in January 2009, extending its total acquisition costs to $400 million.

In August 2011, HIP Oils, an affiliate of Helios Towers Nigeria entered into a binding agreement with Multi-Links™ previous shareholders, Telkom South Africa to acquire 100% of the equity interest in Multi-Links from Telkom. This transaction and change in the shareholding of Multi-Links was concluded on 3rd October 2011. Multi-Links’ current shareholder is HIP Oils, an affiliate of Helios Towers Nigeria.

Multi-Links’ products and services being provided on voice and data platforms include retail and wholesale services to both end users and operators/service providers. The Company is currently undergoing rebuilding for greater participation in Nigeria’s telecommunications market. To support this rebuilding strategy, our tariffs have been further simplified to enable us deliver more value to our customers and our network is currently being optimized to serve our customer base better.

Multi-Links’ Business Plan reflects a focus on its profitable turnaround strategy, by selective penetration and targeting of medium to high-end customer acquisition and retention.