Telkom, South Africa's largest fixed-line operator and the smallest mobile network among four in the country, has announced that it has terminated its discussions with Oger Telecoms to acquire a stake in Cell C, the country's third-largest mobile operator. “Shareholders are now advised that Telkom and Oger Telecom have mutually agreed to terminate these discussions,” Telkom said in a statement. Dubai-based Oger Telecoms owns 75% of Cell C that has around 20 million subscribers.
Early this month, Telkom confirmed talks that it is pursuing to acquire stake in Cell C to be in a better position to compete with the two other leading operators, Vodacom and MTN and to help offset declining sales at its larger fixed-line unit.
