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.
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.
New research shows South Africans actively dislike telecoms operators, with the industry ranked last in net customer sentiment, below banking, insurance and retail.
Vodacom will use its newly acquired spectrum assets to build out 4G and 5G infrastructure and grow its presence in the wireless broadband market, CEO Shameel Joosub said.
Icasa’s draft amendments to regulations governing the expiry of data bundles, if implemented, could undermine product innovation that has made it more affordable for the poor to get online, Vodacom said.
Rain is participating actively in communications regulator Icasa’s auction of broadband spectrum and expects its business to be a big beneficiary of the process.