Telkom has appointed Naidene Ford-Hoon, a former chief financial officer of the Reserve Bank, to its board.
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Telkom has become the fourth network operator in South Africa to launch 5G services.
Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.
Following the collapse of discussions between MTN and Telkom, Rain said it remains engaged with Telkom about a possible deal.
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned operator’s shares crashing.
Shares in Telkom plummeted more than 10% on Friday after a report suggested talks with rival MTN Group about a takeover had stalled.
MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from Rain, people familiar with the matter said.
BCX CEO Jonas Bogoshi joins Duncan McLeod in the TC|Daily studio for a wide-ranging discussion on the changes sweeping the IT services industry.
Vodacom said on Wednesday that it has broken the 2Gbit/s barrier on its 5G network, achieving a transfer speed of 2.4Gbit/s.
Shares in Telkom rallied on Tuesday after the company informed investors that it is still in talks with MTN Group about a transaction.