Battle over Telkom heats up
Rain is hoping to entice competition authorities with its proposition that a third, strong mobile network operator is a better proposition than a duopoly
14 August 2022 - 08:09
Telecoms company Rain said it will engage regulators after being reprimanded by the Takeover Regulation Panel when it announced it was exploring a possible R40bn tie-up with Telkom.
The high-speed network operator, partly owned by businessman and former CEO of First Rand, Paul Harris, and Patrice Motsepe’s African Rainbow Capital, surprised markets when it started a bidding war over Telkom, which is the subject of a formal offer from MTN to buy its entire business. ..
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