Telkom has confirmed it’s received an offer from data-driven firm Rain proposing that Telkom buy it in exchange for shares. Telkom says its board is still considering the proposal which it received two weeks ago – and is not yet in a position to express a view on it.
In August, Rain released a statement saying it had made an offer to Telkom over a potential merger. It was forced to retract the statement after the Takeover Regulation Panel said the announcement was irregular.
Rain believes that a merger with Telkom could create a strong third mobile network operator and “5G powerhouse” in South Africa.
Source: eNCA
In other news – Cassper Nyovest mocks AKA’s Amapiano song
South African hip-hop star, Cassper Nyovest mocks AKA for his “lame” Amapiano song titled, Hurry Up.
The song was released by Supa Mega and Kamu Dee featuring Semi Tee and Miano. Learn more
