Given Telkom’s fast-declining value, the proposed tie-up makes sense for the industry and consumers
In the biggest shake-up in SA’s telecom sector in more than 15 years, MTN — Africa’s largest mobile phone group — recently announced it was in talks to buy Telkom.
The proposed transaction is the biggest in the sector since a 2008 deal by partially state-owned Telkom to sell its 15% stake in Vodacom to British mobile giant Vodafone for R22.8bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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