MTN reportedly mulling takeover of Telkom South Africa

Consolidation of the South African telecoms market may be on the cards if a report from Bloomberg has any substance.
Those handy ‘people familiar with the matter’ told Bloomberg that MTN Group – Africa’s largest operator group – recently made a takeover approach for Telkom South Africa. Having said that, when Bloomberg asked MTN for confirmation all it got was this statement: “There is no deal on the table in relation to this matter.”
All this points to