Telkom has called of talks with Vodafone and MTN, ending months of speculation that it would sell its stake in Vodacom to UK-based Vodafone and its fixed line assets to MTN.
The telecommunications operator had been negotiating with the two organisations since 3 September, but this morning announced that both sets of talks had been terminated.
In a statement, Telkom says: "The discussions involved, inter alia, the combination of certain or all of Telkom`s fixed line businesses with MTN.
"After detailed investigations into the
strategic, operational and regulatory aspects of such a transaction, the parties were unable to conclude a transaction in the best interests of their respective shareholders.
"This decision was driven primarily by matters related to the anticipated costs and benefits of the implementation of the transaction."
It adds that the discussions with Vodafone were subject to an agreement with MTN and so those talks have been terminated as well.
"While certain expressions of interest were received from other parties concurrent with the above process, no discussions are currently taking place," the statement reads.
However, Telkom hasn't ruled out other deals in the future.