Blue Label Telecoms, the largest shareholder in Cell C, may seek to buy a majority and controlling stake in the mobile operator.
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Telkom has become the fourth network operator in South Africa to launch 5G services.
Leading directors at Huge Group, including its chairman, Duarte da Silva, have resigned amid an apparent boardroom fracas.
When finalised and adopted by municipalities, the by-laws will govern access to municipal land and infrastructure for deploying fibre networks or erecting towers.
Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.
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Following the collapse of discussions between MTN and Telkom, Rain said it remains engaged with Telkom about a possible deal.
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned operator’s shares crashing.
Shares in Telkom plummeted more than 10% on Friday after a report suggested talks with rival MTN Group about a takeover had stalled.
MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from Rain, people familiar with the matter said.