Telecoms18.09.2008
Telkom and Mvela talks tank
Reuters reported on Thursday that Telkom has suspended talks with with a consortium led by Mvelaphanda Holdings (Mvela), but that it was still in talks with Vodafone regarding a potential stake in Vodacom.
"(Telkom) and the (Mvelaphanda) consortium have jointly agreed to suspend discussions in response to current market conditions and pricing considerations," Reuters quoted Telkom as saying.
“Mvelaphanda Holdings and US-based Och-Ziff Capital Management Group and other strategic allies were considering making an offer for the entire share capital of Telkom. Their offer was subject to Telkom unbundling its entire 50% stake in Vodacom.”
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