South Africa's fixed line operator Telkom on Friday announced that plans for a partnership with South Korea's telecom operator KT will not go ahead after Pretoria decided not to back it.
The two last year opened talks on a "strategic venture" that would have given KT Corporation a 20 percent stake in Telkom.
Telkom said in a statement it had been informed by the Communications Minister Dina Pule that cabinet had this week "taken the decision not to support the transaction as
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