Telkom issues cautionary over MTN deal
Telkom says it is still in discussions with MTN over the potential extension of an existing roaming agreement to include bilateral roaming and outsourcing of the operation of Telkom’s radio access network.
MTN signed an agreement with Telkom in March, which would see it take over financial and operational responsibility for the rollout and operation of Telkom’s radio access network (RAN).
The two companies entered into a Heads of Agreement (HoA) to enable each party to be able to roam on either party’s network.
In a SENS announcement on Wednesday (23 April), Telkom advised shareholders that it is still in discussions to extend the existing roaming agreement.
Telkom said that further information relating to the proposed transaction may likely be disclosed in its financial results announcement, “depending on the status of negotiations at that time”.
The group said that it intends releasing its results for the year ended March 2014 on about 13 June 2014.
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