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Johannesburg - South African fixed-line phone firm Telkom said on Thursday it has suspended talks with a consortium led
by Mvelaphanda Holdings.
Telkom said it was still in talks with Britain's Vodafone to buy Telkom's stake in Vodacom Group.
"(Telkom) and the (Mvelaphanda) consortium have jointly agreed to suspend discussions in response to current market conditions and pricing considerations," said Telkom in a statement.
Mvelaphanda Holdings and US-based Och-Ziff Capital Management Group and other strategic allies were considering making an offer for the entire share capital of Telkom. Their offer was subject to Telkom unbundling its entire 50% stake in Vodacom.
- Reuters