Telecoms11.10.2007
Telkom continues talks with MTN, Vodafone
Telkom said discussions were part of its mobile strategy review, and that shareholders were ‘advised to continue exercising caution when dealing in their shares until a further announcement’ was made.
In a separate announcement, MTN said that the discussions in progress between MTN and Telkom concerned a proposed transaction over certain assets of Telkom.
MTN added that should the proposed transaction materialise, it might have an impact on its share price.
By 11.20am on the JSE, Telkom’s share price was at R178.50, up 2.59%, or R4.50 from Wednesday’s close, while MTN Group’s share price was at R114.40, up 2.14%, or R2.40, from Wednesday’s close.
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