Telkom CEO ‘Not Hopeful’ of KT Corp Deal, Business Day Reports

Telkom SA Ltd. (TKG) is “not hopeful” the South African government will reverse a decision not to support the sale of a 20 percent stake to KT Corp. (030200), Business Day reported, citing Chief Executive Officer Nombulelo Moholi.

Africa’s largest fixed-line phone company will “engage” with the government to clarify its decision, the Johannesburg- based newspaper said, citing Moholi.

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net