MTN targets Telkom again
R24bn deal could bring fibre increasingly closer to end users
17 July 2022 - 08:48
MTN’s bid to buy Telkom in a deal an analyst says could be valued at about R24bn will give the country’s second biggest mobile network operator a huge boost to its fibre infrastructure network and accelerate its 5G rollout.
On Friday Telkom’s shares jumped 26% to close at R42.2, giving it a market capitalisation of R21.6bn after the announcement. MTN’s share price rose 5.19% to R141.8, boosting its market cap to R267.3bn. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now