{"id":14312,"date":"2012-06-01T17:05:52","date_gmt":"2012-06-01T15:05:52","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=14312"},"modified":"2012-06-04T11:39:06","modified_gmt":"2012-06-04T09:39:06","slug":"cabinet-mum-on-why-it-rejected-telkom-deal","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/14312\/cabinet-mum-on-why-it-rejected-telkom-deal\/","title":{"rendered":"Cabinet mum on why it rejected Telkom deal"},"content":{"rendered":"<p>Cabinet did not support the bid by South Korean telecommunications company <a title=\"KT - Korea Telecom Corporation\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1638-KT-Korea-Telecom-Corporation\">KT<\/a> to buy a 20% stake in <a title=\"Telkom\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1637-Telkom\">Telkom<\/a>\u0082 says Minister in the Presidency <a title=\"Collins Chabane\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2858-Collins-Chabane\">Collins Chabane<\/a>.<\/p>\n<p>Chabane had to be pressed to answer during Friday\u0092s post Cabinet briefing as he first tried to deflect the questions to Telkom.<\/p>\n<p>He did not give any indication as to Cabinet\u0092s actual reason to reject the bid.<\/p>\n<p>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\u0082\u0094 Chabane said.<\/p>\n<p>He also said it was important for Telkom to get the help it needed to support the development of the necessary information\u0082 communications and technology skills the country needed.<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><strong><a title=\"Telkom shares tank on KT Corp deal block\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/14273\/telkom-shares-tank-on-kt-corp-deal-block\/\">Telkom shares tank on KT Corp deal block<\/a><\/strong><\/p>\n<p><strong><a title=\"Telkom, Korea Telecom transaction not going ahead\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/14245\/telkom-korea-telecom-transaction-not-going-ahead\/\">Telkom, Korea Telecom transaction not going ahead<\/a><\/strong><\/p>\n<p><strong><a title=\"Telkom shares slump 5% as investors seek KT Corp clarity\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/14175\/telkom-shares-slump-5-as-investors-seek-kt-corp-clarity\/\">Telkom shares slump 5% as investors seek KT Corp clarity<\/a><\/strong><\/p>\n<p><strong><a title=\"Telkom agrees KT Corp deal at cut price\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/11828\/telkom-agrees-kt-corp-deal-at-cut-price\/\">Telkom agrees KT Corp deal at cut price<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cabinet did not support the bid by South Korean telecommunications company KT to buy a 20% stake in Telkom\u0082 says Minister in the Presidency Collins Chabane.<\/p>\n","protected":false},"author":8,"featured_media":7050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,2999,65],"class_list":["post-14312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-collins-chabane","tag-telkom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=14312"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14312\/revisions"}],"predecessor-version":[{"id":14418,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/14312\/revisions\/14418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7050"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=14312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=14312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=14312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}