Data-only network provider Rain wants to merge with Telkom, which is currently a takeover target of MTN. | Fin24
Data-only network provider Rain wants to merge with Telkom, which is currently a takeover target of MTN.
Rain said the companies would still need to agree on the terms of the proposed merger but reckons that its growth in the last six years will bring substantial weight to the merged entity. The six-year-old business is focused on building 4G and 5G data networks. The company now has more than 7 500 4G and 1 500 5G base stations.
On Thursday, Rain said that its roaming agreements with Vodacom will remain in place even if it merged with Telkom because they are long-term in nature.Growing pains Rain also wants to enter the mobile market. Telkom already has more than 17 million active mobile subscribers.
United States Latest News, 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.
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.
Read more »
JOHN DLUDLU: It is time for stakeholders to free TelkomThe MTN deal is an opportunity to create a pan-African champion and doesn’t have to lead to a jobs bloodbath
Read more »
Telkom cables confiscated at scrap metal dealer and farm in Western CapeA 65-year-old man was arrested in the Western Cape in connection with the theft of Telkom cables worth R50,000
Read more »
MTN shares climb on robust Nigeria, SA performanceMTN Group shares climbed more than 4% on the JSE on Thursday after it reported a solid performance in its key markets.
Read more »
MTN receives $35-million offer for Afghanistan unitThe mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
Read more »