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Telkom scuttles rumours of Nigerian bid for Vodacom

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Telkom has denied that it is holding talks with a Nigerian entrepreneur regarding its stake in Vodacom.

 Business Day this morning reported that Nigerian businessman Mike Adenuga Jnr, who owns Globacom, is interested in buying up Telkom's 50% stake in Vodacom and combining it with Globacom's operations.
According to the newspaper, Mowana Investment is brokering the bid, which it believes will offer shareholders more value than the Vodafone negotiations currently on the table.
However, Telkom this morning issued a statement saying, that while it has received a number of enquiries and expressions of interest in respect of one or more components of its business, it has not entered into any discussions in respect of any of these expressions of interest.
The only negotiations it is engaging in, it says are those disclosed in this week's cautionary announcements, referring to Vodafone and the Mvelaphanda consortium.