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.
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The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.
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.
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.
Criminals, angry that they aren’t able to steal MTN’s highly secured batteries, have taken to trashing other infrastructure at its base stations.
Telkom’s fibre network is now available to more than 890 000 homes in South Africa as the company rapidly moves on from legacy copper.
Promoted | The merging of the physical and virtual worlds, known colloquially as the “metaverse”, will have all but taken over by 2030, writes MTN chief digital officer Ernst Fonternel.