Telkom Ends Talks to Buy Mobile Phone Company Cell C Over Price

Updated on
  • South African landline provider fails to agree deal with Oger
  • Shares gain 8% in Johannesburg after takeover talks abandoned

Telkom SA SOC Ltd. abandoned talks to buy mobile-phone company Cell C Pty Ltd. after the South African landline provider failed to agree to a price with the majority owner, Oger Telecom Ltd.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.