Telkom SA denies MTN merger reports

27 Sep 2018

Telkom South Africa has taken steps to deny a recent Sunday Times report that said it was considering entering into a merger with local rival MTN South Africa. Telkom spokesperson Noma Faku has informed that the company is not currently in discussions with MTN. Speculation linking the two parties with a tie-up is not new, however. Back in 2015 MTN considered the acquisition of a majority stake in Telkom as it sought to challenge Vodacom’s dominance in the mobile sector.

South Africa, MTN South Africa, Telkom South Africa