Rain approaches Telkom about R40bn merger

Rain has proposed a tie-up with Telkom in a move that the data-only mobile network operator says could help to challenge the dominance of Vodacom and MTN and create a company worth about R40bn.

The deal, if successful, threatens to throw a spanner in the works of MTN’s ambitions to buy the formerly state-owned fixed-line operator...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 Sunday Times Daily.

Who owns Rain?

These two might be the countries data cost saver🤞🏾

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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 »

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
Source: mybroadband - 🏆 11. / 67 Read more »

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
Source: SowetanLIVE - 🏆 13. / 63 Read more »