Data-only network Rain is taking legal advice over its controversial proposal to merge with telephony group Telkom.to make a formal request for a merger with Telkom.with MTN, which wants to take over the telephony company.
In a statement yesterday, the TRP says it has noted and expressed “grave” concerns regarding Rain’s potential offer to merge with Telkom. The panel is established in terms of Section 196 of the Companies Act as a juristic person. It reports to the minister of trade, industry and competition. It functions as an organ of state within the public administration, but as an institution outside the public service.
“Accordingly, the publication of the announcement by Rain is unlawful, and Rain has been instructed to retract the announcement. In the circumstances, all parties and the market are advised to disregard the announcement.”
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Rain ordered to retract proposed Telkom merger announcementThe Takeover Regulation Panel has instructed Rain to retract a statement announcing its proposed merger with Telkom. the party ended before the party packs were even out. MichaelJordaan 👀🍿 My excitement aged like milk that's for sure
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Rain proposes merger with TelkomRain proposes merger with Telkom: Data network provider Rain said on Thursday it had made a formal request to present the board of Telkom with a merger proposal to combine the two businesses. They both have a horrible network record. Stop selling Sauth African company's to European's or Americans please stop,let MTNza take over TelkomZA
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Rain proposes merger with TelkomData network provider Rain said on Thursday it had made a formal request to present the board of Telkom with a merger proposal to combine the two businesses. they both offer terrible internet connections 🥱
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Rain proposes merger with TelkomData network provider Rain said on Thursday it had made a formal request to present the board of Telkom with a merger proposal to combine the two businesses. Wow
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