No further Telkom offers

Telkom says that, to date, it has not received any further expressions of interest as speculated in the press. It has also not had any offer that it is required to place before its shareholders.

The group said in a statement that Oger Telecoms has submitted two non-binding letters expressing an interest in acquiring Telkom.

Both letters clearly state that they have been submitted on a confidential basis, are not binding and should not be construed as a firm intention to make an offer as described in Rule 2.3 of The Securities Regulation Code on Takeovers and Mergers, it said.

"The interest expressed by Oger Telecoms did not embody an offer which could be put before shareholders and, as previously announced, was evaluated by the board which decided it would not be in the best interests of Telkom shareholders," it said.

Telkom said it was supplying the information arising from a request for information by a shareholder.

It added that if any firm offer is received which is capable of being implemented it, will as required in terms of the code, place such offer before shareholders.

Telkom offer discussion

 

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No further Telkom offers