BREAKING | Rain wants to merge with Telkom: asks to pitch proposal to board
to scupper MTN Group’s talks to acquire Telkom. It plans to table a proposal to Telkom’s board that it should instead merge with the wireless broadband provider.
“The proposed merged entity would create a formidable third major player to compete with what is effectively a duopoly in South Africa,” it added. Still, Rain said it is serious about pursuing a deal, saying the potential benefits are “numerous”. These include:
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