MTN Talks to Buy South Africa’s Telkom Said to Have Stalled
- Rain offer caused MTN to pull back due to deal uncertainty
- MTN has not decided to walk away; talks could still restart
MTN is Africa’s largest wireless operator.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
MTN Group Ltd.’s talks to buy South Africa’s Telkom SA SOC Ltd. have stalled following a rival proposal from another telecom company, according to people familiar with the matter.
Negotiations about price and other terms have been halted for the time being, though MTN hasn’t decided to walk away from the deal, the people said, asking not to be identified because the discussions are confidential.