Telkom – KT talks enter next phase

Telkom South Africa has announced that it is close to finalising the terms of a potential strategic venture with KT Corp of South Korea.

In a renewed cautionary announcement this week, Telkom said shareholders are advised that the companies have completed the diagnostic review and harmonised their respective findings.

The companies are now in the process of finalising the terms of the potential strategic venture.

Once the terms have been agreed, the companies will present the potential strategic venture to their respective boards of directors for approval before engaging with key stakeholders and presenting the terms of the potential strategic venture to Telkom shareholders for approval.