Rain’s Telkom merger announcement declared illegal

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Россия Новости Новости

Data-only network Rain is taking legal advice over its controversial proposal to merge with telephony group Telkom. M&A TakeoverRegulationPanel

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.”

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 45. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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
Источник: mybroadband - 🏆 11. / 67 Прочитайте больше »

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
Источник: SABreakingNews - 🏆 41. / 51 Прочитайте больше »

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 🥱
Источник: SowetanLIVE - 🏆 13. / 63 Прочитайте больше »

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
Источник: SowetanLIVE - 🏆 13. / 63 Прочитайте больше »