Telecoms27.08.2008
Telkom still negotiating
Telkom has yesterday issued a further cautionary announcement regarding the non binding proposal by Vodafone to acquire a portion of Telkom’s stake in Vodacom.
The non binding proposal from Vodafone is subject to, inter alia, Telkom unbundling its remaining stake in Vodacom to Telkom shareholders.
“The discussions with Vodafone are still ongoing and shareholders are therefore advised to continue to exercise caution when dealing in Telkom securities until a further announcement is made,” Telkom said.
“In fulfilling its fiduciary responsibilities, the Telkom Board is committed to concluding these discussions expeditiously.”
Telkom – Vodacom – Vodafone discussion
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