Cabinet mum on why it rejected Telkom deal
Cabinet did not support the bid by South Korean telecommunications company KT to buy a 20% stake in Telkom says Minister in the Presidency Collins Chabane.
Chabane had to be pressed to answer during Fridays post Cabinet briefing as he first tried to deflect the questions to Telkom.
He did not give any indication as to Cabinets actual reason to reject the bid.
Telkom is a strategic asset in the communications space that needs to be helped to become a functional entity that is a profitable backbone of telecommunications services Chabane said.
He also said it was important for Telkom to get the help it needed to support the development of the necessary information communications and technology skills the country needed.
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