Rain has formally requested to present the Telkom board with a proposal to merge the two companies,“Although the terms of such a transaction — such as valuation and structure — would still need to be agreed, Rain believes there is a compelling business case in combining the businesses,” the company said.
It said there is a strong business case for a Telkom-Rain merger and that it offers a more pro-competitive alternative than the government selling Telkom to MTN.MTN advised its shareholders in July that it had entered into discussions to acquire the entire issued share capital of Telkom in return for shares or a combination of cash and shares.
Yes, these two should work together.
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