China Telecom Denies Plan To Buy Stake In MTN

Telecom Asia is reporting that China Telecom has denied a rumor it will buy South African telco MTN. The rumor was on a Dow Jones report saying “an article, which appeared in South African newspaper Business Report, cited unnamed industry sources as saying China Telecom was preparing to bid for MTN Group and that could explain the recent gains in MTN’s share price”.

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