Cellular25.03.2008
Vodafone denies MTN talks
A recent Business Times article suggested that “global cellular giant Vodafone is in talks to buy a multibillion-rand stake in local cellphone operator MTN’s international operations.”
MTN’s share price jumped 3% on the back of these rumors, but a recent Reuters report may undo all of the gains.
According to Reuters, Vodafone said that ‘it had had no contact or discussions with South African-based mobile phone group MTN about acquiring a stake in its international operations.’
"We have had no contact," a Vodafone spokesman is quoted by Reuters.
MTN was not immediately available for comment.
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