MTN Group, Africa’s largest wireless carrier, is considering reviving talks to acquire smaller South African rival Telkom SA, according to people familiar with the matter.
Telkom has also been talking to advisors about its options if a new takeover bid is launched, said the people, who asked not to be identified because information is still private. The two companies could begin negotiations before the end of the year, though there’s no guarantee that these talks would lead to a deal, they said.
Representatives for MTN and Telkom declined to comment.
MTN walked away from early negotiations to buy Telkom in 2022 after the two disagreed on exclusivity and amid concerns about winning antitrust approval for a deal that would have created South Africa’s dominant mobile phone operator.
Telkom’s shares have risen more than 40% since those earlier talks were called off and the company is valued at about R25 billion
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