Rain said its proposal would be an alternative offer to that made by mobile operator MTN Group, which said last month it was in talks to buy Telkom in a stock or cash-and-shares deal.
A merger with Telkom would create a"5G powerhouse", Rain said, adding that the terms of such a deal, including valuation and structure were yet to be finalised. Rain said the deal would complement the infrastructure and mobile businesses of Telkom with its 4G and 5G businesses. "It is a logical alternative to simply selling to MTN and would also be consistent with the pro-competitive policies of Government," the company said in a statement.
Wow
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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
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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.
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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.
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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.
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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.
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