Telkom MTN discussions ongoing

Telkom has advised that it remains in discussions with MTN South Africa regarding the potential extension of their existing roaming agreement.

The deal would include bilateral roaming and outsourcing of the operation of Telkom´s radio access network, which if successfully concluded may have a material effect on the price of Telkom’s securities, the group said in a statement on Friday 29 August)

“The parties will update shareholders as soon as they receive the appropriate legal and regulatory approvals,” Telkom said.

MTN signed an agreement with Telkom in March 2014, which would see it take over financial and operational responsibility for the rollout and operation of Telkom’s radio access network (RAN).

In April, Telkom said it hoped to conclude the deal within three-to-four months.

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Telkom MTN discussions ongoing