MTN, Telkom outsourcing deal talks drag on

Mergers, Acquisitions and Financial Results

South African operator Telkom has disclosed that it remains in discussions with rival MTN in regards to the potential extension of the existing roaming agreement between the two companies to include bilateral roaming and outsourcing of the operation of Telkom’s radio access network (RAN) to MTN.

If successfully concluded, the deal may have a material effect on the price of Telkom’s securities. Accordingly, shareholders were advised to continue exercising caution when dealing in Telkom securities, with the company pledging to update its investors as soon as the deal receives the appropriate legal and regulatory approvals.

Source: Telegeography 12 February 2015