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Telkom ends talks to acquire MTN

According to Telkom, it was not able to offer MTN assurances of exclusive talks. ....

South Africa , South African , Simangele Legodi , Patrice Motsepe ,

Telkom shares drop 25% as MTN walks away

MTN has walked away from talks to buy Telkom - a deal that would have created South Africa’s largest mobile-phone operator. ....

South Africa , South African , Loni Prinsloo , Group Ltd , Vodacom Group Ltd , Rain Group Holdings Pty Ltd , Bloomberg News , Vodacom Group , Mobile Networks , Rain Group Holdings , Usiness News , South Africa ,

MTN Group ends Telkom takeover talks

The MTN Group announcement was fairly undemonstrative. Its headline referred to a “Withdrawal of cautionary announcement”. However, the headline on the MyBroadband site was more typical of the media response to the end of talks between the two South African operators, MTN and Telkom. It said: “Telkom share price tanks 25% as MTN bails on takeover talks.” ....

South Africa , South African , Proposed Transaction , South Africa , Mergers And Acquisitions ,