South Africa’s Telkom hoping for final offer from MTN in two months

CAPE TOWN (Reuters) – South Africa’s Telkom said on Thursday it was hoping for a final offer to buy the company from bigger rival MTN within two months, as the telecom firms continue talks on a potential deal.

Serame Taukobong, CEO of Telkom said the telecom firm had not received an offer from rival rain yet, which had earlier evinced interest for a merger.

(Reporting by Wendell Roelf; Writing by Nqobile Dludla; Editing by Promit Mukherjee)


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