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Consortium makes unsolicited bid for state's 40% stake in Telkom

The South Africa government has receivedย an unsolicited bid for its 40.5% stake in Telkom, following an announcement that MTN Group is in early-stage talks to acquire the company. Investment firm Toto Consortium made an offer valued at R7-billion for the stake, according to Bloomberg calculations. The Telkom bid is based…
South Africa Richards Bay Kwazulu Natal South African Bongani Gigaba Khumbudzo Ntshavheni

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