"Discussions are at an early stage and there is no certainty that the transaction will be consummated," they said in a statement on the Johannesburg Stock Exchange.
The deal between MTN and Telkom, if successful, would bolster MTN in its competition against Vodacom GroupSouth Africa completed a radio frequency spectrum auction in March that was needed to roll out 5G.Reporting by Eva Mathews and Bhargav Acharya in Bengaluru Editing by Alexander Winning
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