Monday, 23 November 2015

TELKOM SAYS NO OFFER MADE YET FOR CELL C

South African fixed-line phone company, Telkom, is yet to make an offer for smaller rival Cell C, its chief executive stated, denying a report the company has had a $972 million offer rejected.

“I haven’t had any offer rejected because I haven’t made one,” Sipho Maseko told Reuters. “I expressed an interest and I asked for a due diligence. Based on the outcome of the due diligence, I will then be able to make an offer.”

Bloomberg reported on October 29 that Oger Telecom has rejected Telkom’s R14 billion ($972.13 million) offer for its 75% stake in South Africa’s number three wireless phone operator. (moneyweb)