Rain plans to table a proposal to Telkom’s board that it should merge with the wireless broadband provider instead of pursuing a deal with MTN.
The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.
Major operators have created a new, non-profit association to look after their interests and work with government and regulators.
MTN Group shares rocketed 9% on the JSE on Thursday after it reported a solid performance in its key markets.
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
MTN South Africa’s network availability was hit by recent load shedding, but the company still managed to lift subscriber growth in the first half.
Gaming companies are facing a slowdown in demand for videogames from pandemic highs, raising doubts about their ability to weather a downturn.
Africa’s largest start-up is fighting allegations of financial impropriety and personnel harassment from Lagos to Nairobi.
Walt Disney Co edged past Netflix with a total of 221 million streaming customers and announced it will increase prices for US customers.
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