According to Reuters, South Africa's Telkom said today that the country’s government will not back its proposed partnership with South Korean telco KT Corp, which wants to buy a 20% post-issue stake in the South African fixed line incumbent. KT last month cut its offer for the stake by nearly a third to around ZAR3.3 billion (USD385 million)
Originally posted here:
OVETEL Government rejects KT Corp stake purchase
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