MTN on Friday stated its intention to buy out its partially state-owned competitor Telkom, a move that sent the share price of the former fixed-line operator rocketing.
If the deal is concluded, it could have major implications for telecommunications. While Vodacom retains the largest mobile market share, MTN is currently in second place, followed by Telkom - which, through an increased digital focus, has inched into third place, ahead of Cell C. If the Telkom takeover goes through, it could significantly increase MTN's overall market share, effectively creating a duopoly between itself and Vodacom, its main rival. It is also a move that would certainly arouse competition concerns, amid ongoing public concerns about the high cost of communication.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
Fin24 Another state owned company sold
Fin24 I bet those Telkom staff must be excited. Just look how staff got treated with the buyout of BCX. And then BCX goes and boasts they care for their staff!!!
Fin24 Hopefully MTN will then improve Telkom's current really bad After Sale service. I cancelled one of their services in 2020 and Telkom is still charging me monthly for it. I cannot just stop paying otherwise they cut the active services I still have.
Fin24 Are they finally going to fix my landline?
Fin24 The Competition Commission is Telkom savior
Fin24 They must buy it but, they must not change anything rather than increase network coverage.
Fin24 So Telkom can be bought out but not Eskom?
Fin24 What happened to “creating a market” moving away from monopolies
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