The share price of Telkom tumbled on Monday morning while Blue Label Telecoms rose after MTN South Africa and Cell C announced they had signed a massively expanded roaming deal.
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Telkom said that it expects that the “parties involved” will have considered the newly announced, much-expanded roaming agreement between Cell C and MTN South Africa “in the context of the discussions with Telkom”.
JSE-listed telecommunications specialist Huge Group said on Monday that it has partnered with MTN South Africa to provide additional GSM voice services to its subsidiary companies.
Cell C’s expanded roaming agreement with MTN South Africa, which was signed at the weekend, “adheres to all applicable legal and regulatory requirements”, the companies said.
MTN South Africa and Cell C have signed a comprehensive new roaming deal, potentially making it more complicated for Telkom to pursue an acquisition of Cell C.
Orange, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said.
Jeremy Corbyn sent shockwaves through London’s financial district as he unveiled plans to nationalise the UK’s broadband network, providing free Internet access for every home in the country.
Telkom on Friday informed investors that it is pursuing an acquisition of Cell C. So, why didn’t Telkom just say so in the first place? By Duncan McLeod.
Telkom on Friday confirmed what everyone already knows: that it is pursuing an acquisition of the financially troubled mobile operator Cell C.
On paper at least, an acquisition of Cell C by Telkom makes sense. But Cell C is arguably in worse shape today than it was two years ago when Telkom tried and failed. By Hilton Tarrant.