STOCK HIGHLIGHT: Telkom jumps 13% on MTN report

Shares in Telkom jumped 13% on Thursday after Bloomberg reported MTN is considering resuscitating talks on acquiring the smaller competitor

Shares in Telkom jumped 13% on Thursday after Bloomberg reported that MTN, Africa’s largest mobile service provider, was considering resuscitating acquisition talks, according to trusted sources. Telkom has added more than 58% to its value since end-December.

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