Telkom said it has not it had received a proposal from Rain and remains in talks with rival MTN about a possible transaction.
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Huawei reported its first quarterly sales rise since the end of 2020 as it fights the US blacklisting that hammered its smartphone business.
Ignore for a moment that Rain, although growing fast, is a relative pipsqueak next to Telkom. Does a merger make any sense? By Duncan McLeod.
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.
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.
Seacom and BT Group have announced a “strategic alliance” in terms of which Seacom will offer BT’s portfolio of services to enterprise customers.
MTN South Africa plans to restructure its finance division, with possible layoffs to follow, a move that has been severely criticised by trade union Solidarity.