SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1 )
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TELKOM SA LIMITED
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(Name of Issuer)
Ordinary Shares, par value of R10.00
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(Title of Class of Securities)
None
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(however, the CUSIP for American Depositary Shares
representing Ordinary Shares is 879603108)
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(CUSIP Number)
June 17, 2004
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(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ x ] Rule 13d-1(d)
(continued on following pages)
Page 1 of 8 Pages
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CUSIP NO. None (however, the CUSIP for American 13G/A Page 2 of 8 Pages
Depositary Shares representing Ordinary Shares is ----------------------------
879603108)
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1 NAME OF REPORTING PERSON SBC COMMUNICATIONS INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 43-1301883
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 5 SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER 84,111,805
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7 SOLE DISPOSITIVE POWER 0
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8 SHARED DISPOSITIVE POWER 84,111,805
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 84,111,8055
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.2%
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12 TYPE OF REPORTING PERSON HC
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CUSIP NO. None (However, the CUSIP for American 13G/A Page 3 of 8 Pages
Depositary Shares representing Ordinary Shares is
879603108)
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1 NAME OF REPORTING PERSON SBC INTERNATIONAL, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 5 SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER 84,111,805
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7 SOLE DISPOSITIVE POWER 0
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8 SHARED DISPOSITIVE POWER 84,111,805
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 84,111,805
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.2%
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12 TYPE OF REPORTING PERSON CO
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CUSIP NO. None (However, the CUSIP for American 13G/A Page 4 of 8 Pages
Depositary Shares representing Ordinary Shares is
879603108)
--------------- ------------------------------ -------------------------------
1 NAME OF REPORTING PERSON THINTANA COMMUNICATIONS, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 5 SOLE VOTING POWER 0
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER 84,111,805
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7 SOLE DISPOSITIVE POWER 0
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8 SHARED DISPOSITIVE POWER 84,111,805
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 84,111,805
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.2%
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12 TYPE OF REPORTING PERSON CO
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Page 5 of 8 Pages
SCHEDULE 13G/A
This statement on Schedule 13G filed on March 14, 2003 (the "Original
13G") by SBC Communications Inc. ("SBC") is hereby amended and restated in its
entirety.
Item 1(a). Name of Issuer:
Telkom SA Limited
Item 1(b). Address of Issuer's Principal Executive Offices:
Telkom Towers North, 152 Proes Street, Pretoria, 0002,
The Republic of South Africa
Item 2(a). Names of Persons Filing:
SBC, its wholly-owned direct subsidiary, SBC International, Inc.
("SBCI"), and its partially-owned indirect subsidiary, Thintana
Communications, LLC ("Thintana") is one of the managing members of the
issuer. All securities of the issuer are held indirectly by SBC and
directly by Thintana.
Item 2(b). Address of Principal Business Office:
SBC Communications Inc.
175 E. Houston
San Antonio, Texas 78205-2233
SBC International, Inc.
#2 Read's Way, Corporate Commons, Suite 228
New Castle, Delaware 19720
Thintana Communications LLC
#2 Read's Way, Corporate Commons, Suite 228
New Castle, Delaware 19720
Item 2(c). Citizenship:
SBC and SBCI are incorporated in the State of Delaware.
Thintana is a Delaware Limited Liability Company.
Page 6 of 8 Pages
Item 2(d). Title of Class of Securities:
Ordinary Shares, par value R10.00 ("Shares")
Item 2(e). CUSIP Number:
None (however, the CUSIP for American Depositary Shares representing
the Shares is 879603108).
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
Not applicable.
Item 4. Ownership:
(a) Amount beneficially owned:
SBC indirectly owns 60% of Thintana. Thintana owns 15.2% of Telkom SA
Ltd. The total number of shares that Thintana owns includes 84,111,805
Shares and one class B ordinary share. The class B share is
convertible into Shares upon the earlier of: (1) eight years from the
date of listing of the Shares upon the New York Stock Exchange, or
(2) when Thintana owns less than 5% of the Shares. Either member of
Thintana can approve the disposition of the Shares.
(b) Percent of class: 15.2%
The above percentage is based upon 553,846,083 Shares and one class A
and one class B ordinary share (according to Form 20-F filed by the
Company on June 25, 2004).
(c) Thintana and the Government of South Africa (the "Government") have
entered into a Shareholders Agreement (the "Agreement") concerning
voting and disposition of the Shares. The Government and Thintana have
agreed to meet prior to any general meetings of ordinary shareholders
to attempt to reach a consensus to every item that is on the agenda
for the relevant meeting. If a consensus is not reached, each of the
Government and Thintana is free to vote its ordinary shares as it
deems fit, unless the relevant matter is a shareholder-reserved
matter. If a consensus is not reached on a shareholder-reserved
matter, Thintana can require the Government to vote against the
relevant shareholder-reserved matter. Both the Government and Thintana
have a right of first offer to any transfer of Shares to a third
party, other than pursuant to a listed
Page 7 of 8 Pages
public offering or transfers of exempted brokers' transaction or block
trades under U.S. and South African securities law.
Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0 Shares
(ii) Shared power to vote or to direct the vote: 84,111,805 Shares
(iii) Sole power to dispose or to direct the
disposition of: 0 Shares
(iv) Shared power to dispose or direct the
disposition of: 84,111,805 Shares
Item 5. Ownership of Five Percent or Less Of A Class:
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not applicable.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution Of Group:
Not applicable.
Item 10. Certifications:
Not applicable.
Page 8 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
SBC COMMUNICATIONS INC.
Dated: July 14, 2004 By: /s/ James S. Kahan
James S. Kahan
Senior Executive Vice President -
Corporate Development
SBC INTERNATIONAL, INC.
Dated: July 14, 2004 By: /s/ James S. Kahan
James S. Kahan
Executive Vice President - Development
THINTANA COMMUNICATIONS, LLC
Dated: July 14, 2004 By: /s/ Jonathan Klug
Jonathan Klug
Manager