More Africa NewsSouth Africa: Telkom shares jump as Cell C deal off the table
November 29, 2019by myles
Shares in Telkom soared shortly after markets opened in Johannesburg on Friday as investors took cheer from the fact that the partially state-owned telecommunications operator won’t be burdened with rival Cell C’s debt problems. Telkom said at 8am, before trading on the JSE commenced, that its offer to buy Cell C — the value of which...