Labels:text | screenshot | book | font | document OCR: Although the unissued shares are under the control of the Board of Directors they may only be issued to the Government in terms of Section 5 (7) of the Post Office Amendment Act 85 of 1991. Subsidiaries and joint ventures Telkom has a 50% interest in Vodacom Group (Pty) Ltd, which operates one of the two licensed cellular telephone networks and also acts as a service provider, as well as a 70% interest in Q-Trunk (Pty) Ltd, which provides radio trunking services. Vodacom Group (Pty) Ltd acquired 25% of Teljoy Cellular Holdings (Pty) Ltd, one of the largest cellular service providers in South Africa, for R75 million in September 1995. On 1 September 1995, Telkom obtained a 100% interest in Swiftnet (Pty) Ltd, which provides a fixed and portable radio data system. In terms of the licence agreement, 30% of the shareholding has to be taken up by non-white South Africans.
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