News Formal

Telkom and Rain call off merger talks

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Shares of state-affiliated telecom firm soar as market players were not happy with possible deal

Telkom shares rocketed on Wednesday as the fixed-line operator and data network provider Rain abandoned merger talks, leaving the state-affiliated telecommunications company in the cold after being the object of three separate bids at one point in the past year.

The share price movement indicates that market players are happy that a possible deal has fallen through and were not convinced that a tie up with Rain was best for Telkom. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Telkom and Rain break off merger talksNetwork operators Telkom and Rain have decided to end talks that would have seen the two companies merge, following an agreement that a suitable deal was not viable. Moneyweb BusinessNews NtandoThukwana NtandoThukwana At this rate Telkom will be on date my family. They have pushed off advances from MJ🤷🏾‍♂️(💧) and RM (☀️)
Source: Moneyweb - 🏆 5. / 77 Read more »

Telkom terminates potential acquisition talks with RainTelkom terminates potential acquisition talks with Rain - The telecommunications group said the parties had decided a suitable transaction was not possible at this time I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Jori_hexFX, and I gave Bitcoin trading another try, I successfully withdrew R90 000 after two weeks of trading, am so grateful Jori_hexFX thank you. Thanks Goodness for this. Telkom would have destroyed Rain.
Source: mailandguardian - 🏆 2. / 92 Read more »

Telkom, Rain abandon merger talksThe two telcos terminate discussions relating to Rain’s proposal to merge with the majority state-owned Telkom.
Source: ITWeb - 🏆 45. / 51 Read more »