Telkom's (+19.2% MoM) share price skyrocketed after MTN announced in July that it is in talks to buy out the state-affiliated, fixed-line operator to bolster its fibre asset base. Ratings agency S&P said that MTN's potential takeover of Telkom could improve the credit rating of both telecom operators. However, it warned that completing such a deal could prove to be "a prolonged and complex process".