MTN Group has denied fresh buyout negotiations to control South Africa’s third-biggest mobile operator, Telkom. Wireless MTN Telkom
MTN Group has denied fresh buyout negotiations to control South Africa’s third-biggest mobile operator, Telkom.
Nompilo Morafo, MTN Group chief sustainability and corporate affairs officer, comments: "Telkom is a business with good assets. MTN remains of the view that the offer made in July 2022 would have been good for shareholders of both companies and broader stakeholders. There is no offer or official discussions at the moment."However, it terminated talks with Telkom after the telephony group failed to provide MTN with assurances about exclusivity.
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