MTN and Telkom have advised shareholders that the two companies have entered into discussions relating to MTN acquiring the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN.
“If concluded, the transaction may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is made.”The two companies began negotiations in March 2014, with MTN offering to buy Telkom’s radio access network.citing concerns over decreased competition, even though MTN would not be acquiring Telkom’s mobile retail business.
The Commission said access to additional spectrum by MTN would confer first mover advantages regarding network speed, capacity, and mobile offerings.auctioned off sought-after radio frequency spectrumHowever, the Competition Commission also warned in 2015 that a merger between MTN and Telkom would likely entrench a duopolistic market structure dominated by Vodacom and MTN.
Only choosing from two companies in the future. I don't think it's a good idea
Eliminating competition so they can extort us thoroughly 😫
No please
Ohh no please. Competition commission must not allow this please
CompComSA ke dilo mang tse?
*grabs 🍿 and waits for the competition commision to enter the conversation......