MTN in talks to buy Telkom to become South Africa No.1

The potential $1 billion-plus deal would give MTN access to Telkom's fibre assets, seen as a must for expanding 4G and 5G mobile services.

"It does make sense in every way. We're seeing this happening in many other jurisdictions, where the mobile operators are consolidating with fixed line players," Peter Takaendesa, head of equities at Mergence Investment Managers said. Vodacom recently agreed to buy a co-controlling interest in the fibre assets of Community Investment Ventures Holdings, putting pressure on MTN to respond.AJ Snyman, an investment analyst at Peregrine Capital, said he thought there was "zero" chance South Africa's Competition Commission would approve the deal in its current form.

Nqobile_D A giant turned into a smaller rival 😂😂😂

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South African mobile operator MTN in talks to buy TelkomSouth African mobile operator MTN Group Ltd is in buyout talks with smaller rival Telkom for a stock or a cash-and-stock deal, the two companies said on Friday, sending their shares higher.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

JUST IN | MTN in talks to take over Telkom | Fin24MTN, Africa's largest mobile operator, is in talks with Telkom to take over the company. | Fin24 Fin24 Maybe they’ll aksi fix the network Fin24 😳 Fin24 TelkomZA how true is this?
Source: News24 - 🏆 4. / 80 Read more »

Ex-Icasa chair on MTN, Telkom talks: consolidation is 'inevitable'Keabetswe Modimoeng said MTN Group’s proposed acquisition of rival Telkom should be considered seriously by regulators. He spelt monopolisation incorrectly.
Source: TechCentral - 🏆 8. / 71 Read more »