MTN Group has appointed Christian Bombrun as CEO: Digital Platforms, replacing Minnie Harris, who has been acting in the position since April.
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In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination.
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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Government has received an unsolicited bid for its 40.5% stake in Telkom from an investment firm called the Toto Consortium.
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.
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.