MTN GROUP would consider making an offer for a stake in Telkom at the right price and has received interest from potential buyers for more than 9 000 South African towers.
“A Telkom stake would have to be a value accretive acquisition,” MTN chief executive Sifiso Dabengwa said yesterday.
The company was not pursuing a deal at present and was not in negotiations with Telkom, which is almost 40 percent owned by the government, he said.
A deal probably would not happen unless “something changes significantly”, Dabengwa said in an earlier presentation.
MTN had held exploratory discussions about an offer for a majority stake in Telkom, sources said.
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The company had sold a stake in its Nigerian towers business in September in a deal valued at $1.8 billion (R21bn), Brett Goschen, MTN’s chief financial officer, said.
– Bloomberg