The Vodafone Group is reportedly in talks with South African telecom company Telkom SA to buy the 50 per cent stake that Telkom holds in the Vodacom Group, the African wireless service provider, for about £5 billion.

The Vodafone Group is reportedly in talks with South African telecom company Telkom SA to buy the 50 per cent stake that Telkom holds in the Vodacom Group, the African wireless service provider, for about ??5 billion. Vodafone currently holds the remaining 50 per cent stake in Vodacom. Other companies in the race for the stake include South Africa’s MTN Group.