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Telkom shares soar, then fall back, on news of approach

Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.

Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.

A possible bid by a consortium that includes former CEO Sipho Maseko to buy a stake in Telkom is still at an exploratory stage.