Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.
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As Telkom makes plans to list its masts and towers business, Swiftnet, next year, the unit is actively preparing for the mass deployment of 5G in South Africa.
Telkom is considering strategic options for its IT business, including a partnership, it said on Tuesday.
The number of active fibre-to-the-home connections in Telkom’s network has leapt past the number of legacy copper connections.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”.
Exclusive | The communications regulator is moving to defuse the looming court battle over its planned withdrawal of Covid-19 temporary spectrum.
Telkom has launched prepaid fibre, saying consumers who previously couldn’t apply for a broadband fibre line for credit-vetting reasons can now do so.
Less than three years after terminating its roaming agreement with MTN in favour of a similar arrangement with Vodacom, Telkom is back roaming on the MTN network.
Telkom said on Friday that it’s revenue will remain flat for the six months to end-September, despite the growing demand from consumers for broadband.