Shares in Telkom rallied on Tuesday after the company informed investors that it is still in talks with MTN Group about a transaction.
Browsing: Telkom
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could scupper its merger talks with MTN Group.
Rain has formally made a non-binding proposal to Telkom that would see the latter acquire the former through the issue of new Telkom shares.
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.
African Rainbow Capital Investments has attached a valuation to wireless Internet operator Rain of R17.9-billion, a 7.9% increase over last year’s figure.
Fixed broadband speeds in South Africa have doubled in just three years, new research from Ookla shows.
Government has proposed that South Africa switch off its 2G cellular networks by June 2024 and its 3G networks by March 2025.
Telkom and three state-owned enterprises have called for “drastic measures” to deal with infrastructure vandalism and theft in South Africa.
Opensignal has found that MTN tops rival Vodacom in 5G availability and 5G upload speeds, while the companies draw level on other criteria.