Telkom

South African fixed-line operator Telkom said today it has received a non-binding proposal from Vodafone for a portion of its 50 percent stake in the country's largest mobile operator, Vodacom.

South African fixed-line operator Telkom has said that its divestiture of its stake in Vodacom, the country's largest mobile operator, will allow it to re-enter the mobile market across its African territories.

South African fixed-line operator Telkom has chosen Chinese vendor Huawei as supplier for its emerging mobile aspirations.

South African fixed-line operator Telkom has confirmed that talks are "ongoing" regarding its takeover by a consortium led by the Mvelaphanda Group, and the divesture of its 50 percent stake in mobile operator Vodacom to co-owner Vodafone.

South Africa's Vodacom reported a 6.6 percent increase in total customers to 34.6 million subscribers in the quarter ended June 30, parent company Telkom said on Tuesday, reports Reuters. Quarterly revenue at the operator increased 14.5 percent year-on-year.

South African fixed-line operator Telkom has confirmed that talks are "still ongoing" regarding its takeover by a consortium led by the Mvelaphanda Group, and the divesture of its 50 percent stake in mobile operator Vodacom to co-owner Vodafone.

South African fixed-line operator Telkom has not entered into talks with Nigeria's Globacom about its Vodacom mobile unit, according to Reuters.