Rain proposes merger with Telkom

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.

Stop selling Sauth African company's to European's or Americans please stop,let MTNza take over TelkomZA

They both have a horrible network record.

United States United States Latest News, United States United States 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 »