It’s certainly a stretch by Rain to call any potential transaction with Telkom a ‘merger’. Sure, each is worth around R22 billion – on paper, at least. But we already know that Telkom itself believes it is trading at a “significant discount” to the R50 billion-plus sum-of-its-parts. Former CEO Sipho Maseko argued this two years ago.
Without this, Rain has to trench its own fibre or pay for links between its towers, and 5G needs a lot of towers. Rain doesn’t only need the dense metro fibre coverage, it also needs long-distance links to haul traffic across its network.
rainSouthAfrica Best take on a Rain/Telkom 'merger' I've seen so far. It's probably best to take the spin coming from people like Michael 'Mr Crypto' Jordaan with a big pinch of salt.
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