MTN, Telkom Said in Talks With Advisers on Possible Deal (1)

MTN Group Ltd., Africa’s largest wireless carrier, is considering reviving talks to acquire smaller South African rival Telkom SA, according to people familiar with the matter.

Telkom has also been talking to advisers about its options if a new takeover bid is launched, said the people, who asked not to be identified because information is still private. The two companies could begin negotiations before the end of the year, though there’s no guarantee that these talks would lead to a deal, they said.

Representatives for MTN and Telkom declined to comment.

MTN walked away from early negotiations to ...