JUST IN | Rain ordered to retract Telkom merger statement | Fin24

, with the Takeover Regulation Panel declaring it unlawful.

"Furthermore, the announcement was issued notwithstanding the TRP’s instructions to Rain that no such announcement should be made without the prior approval of the TRP," the body said. Meanwhile, Telkom told Bloomberg that it has not received an offer or proposal from Rain."Telkom notes the media statement by rain titled 'Rain proposes merger with Telkom'," the company said."Telkom can confirm that no offer or proposal has been received."

Fin24 Can the panel please enlighten the public how so, and why this is no good compared to the MTN deal 🙄

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Rain proposes merger with TelkomRain has proposed a merger with Telkom, saying that it would create a 5G powerhouse to compete with Vodacom and MTN. Cell C must join in order to compete This deal makes more sense than MTN-Telkom deal This is actually not a bad idea
Source: mybroadband - 🏆 11. / 67 Read more »

Rain courts Telkom with merger talk – MyBroadbandRain has formally requested to present the Telkom board with a proposal to merge the two companies, MyBroadband reports. Yes, these two should work together.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

BREAKING NEWS: Rain approaches Telkom about R40bn mergerThe deal, if successful, could upset MTN’s plans to buy the formerly state-owned fixed-line operator mpholodipooe Another oligopoly approach that is going to crowd out SMMEs Telkom must never accept to sell however the pressure from thieves in Phala-Phala FarmGate and slaves to international thieves like Glencore. Telkom must resist it at all cost.
Source: BDliveSA - 🏆 12. / 63 Read more »

Telkom and Rain merger talk gathers steamTelkom and Rain merger talk gathers steam Rain has reportedly formally requested to present the Telkom board with a proposal to merge the two companies. Who owns Rain? Where did their funding come from? If it/they can be traced to a foreign organization, the answer should be no. If they are fully locally owned, it's worth considering.
Source: TheSAnews - 🏆 25. / 59 Read more »

Rain proposes merger with Telkom amid MTN overturesThe company makes a formal request to present the Telkom board with a proposal which would ultimately result in the merger of the two firms.
Source: ITWeb - 🏆 45. / 51 Read more »