Tag: Telkom
MTN talks to buy Telkom stall: sources
MTN Group’s talks to buy Telkom have stalled following a rival deal proposal from another telecommunications company, people familiar with the matter said.Negotiations about...
Telkom shares rise after company says MTN talks continue
Shares in Telkom rose this week after the company informed investors that it is still in talks with MTN Group about a possible acquisition. In...
MTN hints it could quit Telkom talks over Rain flirtation
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could harm its merger talks with MTN Group.MTN issued a curiously worded...
Telkom receives formal proposal from Rain
South African internet service provider Rain has formally made a non-binding proposal to Telkom South Africa that would see the latter acquire the former...
Drama at Telkom’s AGM as Minister votes against six directors
Telkom’s largest shareholder, the South African government, voted against the appointment of a large number of directors to the company’s board at its AGM on...
MTN Group gets new Business Finance Executive from Telkom
MTN Group has appointed Marvin Ncube as its new Executive for Business Finance, effective September 1, 2022.A statement from the Group said Marvin is...
MTN, Telkom still in takeover talks
In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination of their businesses.The...
Rain withdraws “embarrassing” Telkom merger statement
Following strong criticism by the Takeover Regulation Panel (TRP), telecommunications operator Rain has withdrawn its press release of 11 August in which it announced a...
MTN talks remain on track – Telkom
Telkom on Friday finally issued a statement to investors via the JSE’s stock exchange news service after Rain on Thursday said it planned to approach...
Consortium makes unsolicited bid for state’s 40% stake in Telkom
The South Africa government has received an unsolicited bid for its 40.5% stake in Telkom, following an announcement that MTN Group is in early-stage talks...