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.
Zondo must come in now. Cyril busy with another state capture
They need better infrastructure that's all. Other than that Rain is innovative and managed to put pressure on mtn and vodacom. If they can get this deal with telkom bruh...watch the space I'm telling you
Kuxebulana oxamu
When it rains it pours
😭😭😭
🧱🧱🧱
Daylight robbery
We are dead. They gonna lose me as a customer. Telkom with no network
No
Thieves are hunting TelkomZA now, by the time Cyril leaves office we won't have any state owned entity. At some point Cyril will have to pay for his crimes
Bill Gate and Motsepe want TelkomZA now? Not so long it was the MTNza thugs. There must be something special with TelkomZA and wolves want to plunder it!
Welele
Vele that guy won't rest until every government shit is privatized? 😩
Just hope the prices won't change
N both struggles wth poor network
If telkom is not doing well they would've not wanted to buy it,So here we are dealing with people doesn't care about black majority but everything for themselves 👎🏾👎🏾👎🏾
_SiyaNdlovu
Make this happen, we need that coverage in the rurals
SLen444 Have some reading
Rain keeps on dedicating my money even am nolonger using the sim card rainSouthAfrica why cos u said u pays if u used the service
Telkom and Rain should know that no Rain client wants to be a Telkom client.
Is Rain part of the sbari cartel?
The takeover panel regulation rained on their parade. Only tyme will tell
Is Patrice consolidating
Definitely signing out my rain acc
Telkom must buy Rain
So, Telkom wants to buy Cell-C... AND merge with Rain 🤔🤔
Allow modernization please South Africa needs to move forward!
Our country is under siege, our SOEs are under siege, everyone wants to steal Telkom and that gangster of a president and his corrupt judiciary will make sure Telkom is stolen.
Wait so Rain wants to merge with Telkom? No no no we can’t have that as Telkom services are so poor.
Brother in law Motsepe is taking everything
Come Rain or sunshine, the competition commission will probably block this merger from happening 😉
This would make great business sense
mashwamshwam
Brother in law vs business partners…. Ramaphosa is confused right now
Telkom is cheaper
They are all after the infrastructure our government invested on over decades
If its not SOE's its private companies..no wonder Thabo Mbeki has formed partnership with khezethen
Cyril and Motsepe are really buying everything. By end of Cyrils term they'll be owning whole of South Africa
Patrice Motsepe will own everything under Cyrils admin
Iyoooh!
AZANIA_magwala It won't happen. I'm a competition lawyer and I will block this merger. Theory of harm, 'removal of an effective competitor'.
What is he not selling?
MfokaMqulusi Bad option really, Telkom has no network coverage
Yay'bona imvula yenzani... LordKrispy98
What is Rain going to offer to Telkom 🇿🇦 Ramaphosa wants to take all good SEO's, MTN deal way much beneficiary to all part💯
Motsepe 🤣
Everyone wants to buy TelkomZA. Mara why MTNza rain
marvelo17126933
Aah 😂
Nooo😭😭😭
So they are selling State owned entities to themselves
Mr MichaelJordaan about to do great things as always
Awesome , two networks with no signal 🤣🤣
Both networks suck so let’s see what happens
Can someone explain in simple terms why there's a need for telkom to be bought or merged?
They will accept it, the president's brother-in-law will do it.
I think it’s a better fit 🤷🏾♂️💁🏾♂️
They want to acquire Telkom by hook or by crook... For as long as we call people like Motsepe businessmen not devils,we are going nowhere as country they are evil.
Climate lockdowns. They are prepping us for them. Pay attention. 🤬🤬🤬
The 2 worst performing students in the class decide to partner up for a school project
Ramaphosa’s family is cashing in on everything?
🤮🙈😨🥴🥴🥴🥴
Ditching Rain 5G and going Fibre soon as the deal is announced
KhutsoRapudi They must add at least 2 zeros
This want to leave state with zero assets when their term ends 💔💔💔 family business later mxm
A thread tomorrow🤔
But what's Telkom's market cap and what's that of rain?
Extremely difficult industry to get into firstly, and secondly to remain sustainably profitable. Rain needs to make some moves.
Rain has never let me down but this I can see is a disaster waiting to happen!!!!
Interesting 💭
I think its a good deal for telkom
No no no no leave Telkom alone 🙄
Telkom/Rain merger is very likely. It would be great not for only the two companies but the consumers. I don’t see the Competition Commission approving MTN/Telkom deal any way. And MTN is only interested in Openserve, which it can buy separately. Meaning Telkom can do both deals.
Ramaphosa and Sbare they want telkom cause telkom is making profit
You mean bad service with bad service merging?
Where is cell c?
Yah offcourse then we can all have coverage even in Rurals😌
Isn’t RAIN one of motsepe’s business interest? Yah neh.
The fellows at rain are clever blokes... I get the sense that their company is about to start struggling for a number of reasons...and merging with Telkom will guarantee their survival, and give them much needed funds to grow their business even larger...
What happened to MTN?
No no no no no no
CoruscaKhaya But telkom is such trash currently, must be selling for cheap as seems to be most SOEs😭
Sefofo wants to buy another sefofo😱😱😱 mehlolo etla ka diSize tse different
What is Rain market capitalisation?.I think Telkom will and can buy Rain outright without a merger. Telkom Group I mean then Telkom can merge it with their mobile division.
CoruscaKhaya Thabiso_XT MorolongZA 🍿🥤
My view on issues with the proposed transaction: 1. Valuation of Rain 2. Strategy going forward 3. Management of the merged entity
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.
Another oligopoly approach that is going to crowd out SMMEs
mpholodipooe
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