MTN Group has announced it is appointing the outgoing CEO of Icasa as chief of staff in the office of group CEO Ralph Mupita.
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Rain has withdrawn its press release of 11 August in which it announced a plan to approach Telkom’s board about a merger.
Government has received an unsolicited bid for its 40.5% stake in Telkom from an investment firm called the Toto Consortium.
Telkom said it has not it had received a proposal from Rain and remains in talks with rival MTN about a possible transaction.
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.