Following a meeting with the CEOs of six of South Africa’s telecommunications infrastructure operators on Monday, Icasa is moving to license access to “provisional spectrum”.
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Telkom CEO Sipho Maseko was responding to questions about a news report which said MTN had made an approach to buy the company.
Despite a weekend report of an approach by MTN Group, Telkom shares were trading lower on Monday, implying investors don’t believe a deal is imminent or even possible.
Shares of MTN Nigeria hit an all-time high on Monday after receiving approval to operate mobile money services in Africa’s most populous country.
MTN Group recently expressed an interest in acquiring Telkom, Bloomberg News reported on Sunday, citing unnamed sources “familiar with the matter”.
Exclusive | The communications regulator is moving to defuse the looming court battle over its planned withdrawal of Covid-19 temporary spectrum.
MTN Group’s shares surged in Johannesburg after it moved a step closer to getting a licence to operate lucrative mobile money services in Nigeria.
Less than three years after terminating its roaming agreement with MTN in favour of a similar arrangement with Vodacom, Telkom is back roaming on the MTN network.
MTN Group has reported a 19.1% improvement in service revenue on the back of strong performances in data and mobile money.
MTN Group plans to proceed with a public offer to sell up to 575 million shares in its Nigerian business.