Telkom says it has ended discussions with the consortium led by Maseko.
Telkom says it has terminated discussions with a consortium led by its former Group CEO Sipho Maseko for a bid to buy a slice of the partially state-owned telecommunications company.
Since the consortium’s initial proposal, Telkom’s share price plummeted from around R38 per share to under R30. At the time of publication, Telkom’s stock was trading at R28.50 per share.
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