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Telkom calls off Cell C takeover talks

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By mutual agreement Telkom and Oger Telecoms have ended all discussions related to the potential purchase of Cell C by Telkom.
According to a statement from Telkom: “Through Telkom’s engagement with Oger Telecoms in relation to Cell C, it has become clear that there is a difference between the parties on the assessment of value of the proposed transaction.
“As no agreement has been reached, Telkom and Oger Telecoms today agreed to end all discussions.”