Shares in Telkom plummeted more than 10% on Friday after a report suggested talks with rival MTN Group about a takeover had stalled.
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MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from Rain, people familiar with the matter said.
A Safaricom-led investor group, which includes Vodacom, has launched mobile services in Ethiopia after securing an operating licence from the government.
Vodacom said on Thursday that it will install solar PV panels at its head office in Midrand, reducing its need for grid-supplied electricity.
Vodacom said on Wednesday that it has broken the 2Gbit/s barrier on its 5G network, achieving a transfer speed of 2.4Gbit/s.
Shares in Telkom rallied on Tuesday after the company informed investors that it is still in talks with MTN Group about a transaction.
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could scupper its merger talks with MTN Group.
MTN South Africa plans to install green-energy solutions at its head office as it moves to meet its own net-zero targets by 2040.
Vodacom and MTN have said the severe load shedding that Eskom has subjected South Africa to since last week is having a big impact on their networks.
South Africa’s biggest telecommunications operators have called for more consultation over government’s plan to terminate 2G and 3G services by 2025.