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Telkom CEO ‘Not Hopeful’ of KT Corp Deal, Business Day Reports

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June 4 (Bloomberg) -- Telkom SA Ltd. is “not hopeful” the South African government will reverse a decision not to support the sale of a 20 percent stake to KT Corp., Business Day reported, citing Chief Executive Officer Nombulelo Moholi.

Africa’s largest fixed-line phone company will “engage” with the government to clarify its decision, the Johannesburg-based newspaper said, citing Moholi.

Link to Company News:{030200 KS <Equity> CN <GO>} Link to Company News:{TKG SJ <Equity> CN <GO>}

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net

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