Telkom approached by Oger Telecom
"While Telkom is not presently in discussions with Oger, the Board of Telkom will consider the Oger approach along with other alternatives as part of the review," Telkom said.
It added that it would in due course communicate to its
shareholders the outcome of a review of the group's mobile strategy that was announced in November and that was continuing.
The group reiterated that it was pursuing all options to enhance the company's strategic positioning and service delivery in the converging fixed-mobile telecommunications industry.
Headquartered in Dubai, Oger Telecom, which indirectly controls about 75% of Cell C, is described as an emerging markets telecommunications group.
It is controlled by Saudi Oger and, apart from operations in Saudi Arabia, also operates in Turkey, Lebanon and Jordan.
Telkom shares closed 7.4% higher at R 135.11 after hitting a low of R 115.00 in early trade on Tuesday.
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