South African telecoms company Telkom denied on Friday that it is in discussions with IT firm Dimension Data or any of its shareholders with regards to a potential acquisition of Dimension Data (Didata).
Telkom issued a statement to the JSE following media reports that Telkom was looking at acquiring Didata.
Telkom said: “Following media reports that Telkom may be looking at acquiring Dimension Data, Telkom would like to state its position: revenue retention and the generation of growth is one of the company’s key strategies.
“Acquisitions and partnerships is a key component of this strategy and the company intends to pursue opportunities in other countries, which may include acquiring or partnering with IT companies.”
“In relation to media reports regarding Telkom and Dimension Data, Telkom categorically states that it is not in discussions with Dimension Data or any of its shareholders with regards to a potential acquisition of Dimension Data,” it said.
Telkom, however, may consider working with various companies, including Dimension Data, in Africa, it said. — I-Net Bridge