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TELKOM IPO

TELKOM IPO. Presenter:Dr. M.Eugene Mokeyane To : Portfolio Committee Date : 30 October 2002. OVERVIEW. Purpose: To give update since last presentation with focus upon the Public Education Campaign Government objectives Outreach programme Budget Status report

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TELKOM IPO

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  1. TELKOM IPO Presenter:Dr. M.Eugene Mokeyane To : Portfolio Committee Date : 30 October 2002

  2. OVERVIEW Purpose: To give update since last presentation with focus upon the Public Education Campaign • Government objectives • Outreach programme • Budget • Status report • Plan for Q1 2003 listing • Conclusion

  3. GOVERNMENT OBJECTIVES • Commercial objectives • Optimal proceeds • Government as credible vendor in capital markets • RSA as attractive investment destination

  4. GOVERNMENT OBJECTIVES Social objectives • Maximising participation by HDI in the Offering. • Raising the general public’s awareness and interest in capital markets. • Providing an opportunity for individuals with limited financial resources to participate in the Offer. • Ensuring skills transfers to local institutions and HDIs.

  5. Telkom IPO Total Transactionransaction Budget( 2002/03) • Actual spending for 2001/02 : R51.5 m • Rollover request for 2002/03: R95.4 m • Budget augmented for 2002/03: R102.2 m • Total : R207.6 m for the current year

  6. Telkom IPO transaction Budget( 2002/03) Service Provider JGCs [Joint Global Coordinators] Lawyers Public Relations Printers Transfer secretary Institutional roadshow JSE & NYSE listing fees Media & International relations

  7. Telkom IPO transaction Budget( 2002/03) Service Provider Advertising campaign Logistics Call center Mail costs

  8. Outreach programme Purpose • To educate general public about saving and share investments in general Strategy • to identify 12 to 38 venues per Province • Schedule presentations during weekends and evenings on weekdays • Mobilisation of communities using local structures

  9. Outreach programme Strategy • Interactive presentations • Presentations in local languages • READ and Project Literacy making presentations • JGCs to respond to technical financial questions

  10. Status report PUBLIC EDUCATION • Planning in January 2001 • Waves of Opinion Surveys • Education campaign launched in first week of October 2002 • Educational roadshow inaugurated in Sebokeng • Roadshows ongoing • Townships and rural areas targeted • Television and radio ads flighted

  11. Outreach programme Gauteng schedule to date • Outreach started in Sebokeng, followed by Sharpeville, Kagiso. • Average turnout ,enthusiasm in audience

  12. Outreach programme • Outreach programme to run until mid-December • Will reach all Provinces

  13. Status Report • Deutsche Bank and JP Morgan are the JGCs • JGCs lead a consortia of other institutions • Four working groups formed • Legal and documentation • Retail and marketing • Institutional Offer Structuring • Valuation

  14. Status Report • Telecommunications legislation enactment and drafting of regulations brought in the clarity needed • Carrier pre-select • COACAM • Facilities sharing • Interconnection guidelines

  15. Status report Telkom Employee Share Scheme • 2% Share allocation to employees(1997) • Trust registered to administer share sale • Approximately 58 000 employees stand to gain • Past employees as of 31 October 1999 eligible

  16. Status report CONFIDENTIAL FILING: SEC • Confidential pre-filing with Securities and Exchange Commission(SEC) begun

  17. Status Report REGISTRATION SEC (USA)/ JSE • Presentation of Business plan by Telkom management

  18. Plan for February 2003 listing SYNDICATE FORMATION • Selection of the syndicate • Syndicate analysts presentation • Filing of prospectus with NYSE and JSE

  19. Conclusion Key success factors for the listing of Telkom • Approval of Telkom Business plan • Appointment of syndicate • Prospectus filing with NYSE and JSE

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