A shopper walks past a Telkom shop at a mall in Johannesburg. Picture: REUTERS/SIPHIEW SEBEKO
The company said on Friday it had substantially concluded its due diligence, although discussions were at a preliminary stage. The operator initially tried to take over Cell C in 2017, only to be rejected in favour of a recapitalisation plan led by Blue Label Telecoms, now Cell C's largest shareholder with a 45% stake.
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