Despite Friday's assurances that it's not in talks with a Nigerian consortium to acquire it, Telkom has apparently met with Nigerian entrepreneur Mike Adenuga Jnr.
This is according to a report in Business Day today, which claims that Telkom CEO Reuben September met with Adenuga this weekend.
According to the newspaper, Adenuga has submitted a proposal to buy up Telkom so that his cellular operation, Globalcom, could be merged with Telkom's 50% Vodacom stake.
The resulting entity would be worth about R140-billion.
Telkom's fixed line business would remain unchanged, with the same shareholders.
Telkom is currently involved in talks with Vodafone, which wants to buy the 50% of Vodacom it doesn't already own; and with an Mvelaphanda consortium over the rest of the Telkom business.