Rain tables formal proposal to merge with Telkom
Buyout bid from data-only network provider is being evaluated by Telkom
30 September 2022 - 10:19
Rain may have shown part of its hand in an ongoing telecom consolidation chess game, now asking Telkom to buy out its business as part of a plan to take on SA’s two largest mobile players.
MTN has issued a letter in which it probably voices its displeasure that data-only network provider Rain has tabled a formal non-binding proposal to merge with mobile and fixed-line operator Telkom. This comes a few weeks after Rain received a public rebuke by the Takeover Regulation Panel for not following due process...
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