Rain asks Telkom board to consider merger proposal

[Jan]

Rain proposes merger with Telkom

Rain has formally requested to present the Telkom board with a proposal to merge the two companies.

“Although the terms of such a transaction — such as valuation and structure — would still need to be agreed, Rain believes there is a compelling business case in combining the businesses,” the company said.

 

[Cactus]

Everyone wants Telkom

 

[Polymathic]

Based on the articles on this website I was given the impression that Rain was worth magnitudes of times more than Telkom

 

[McGuywer]

I guess Rain only wants to merge with Telkom Mobile.

 

[Gudnews]

Please make this happen.

 

[Felixbf1980]

So....Rain merges with Telkom, MTN buys them both up. Goodness...

 

[r00igev@@r]

You need a mass case of simultaneous stupidity for this to happen.

 

[ImagineFZS]

No

 

[Skerminkel]

Rather Rain+Telkom. MTN doesn't need to get any better. I will still not do business with Telkom, but there are enough fools in the country to keep them going.

 

[Joseph matane]

So....Rain merges with Telkom, MTN buys them both up. Goodness...

No, remember Telkom is planning to operate under a different umbrella
Openserve the wholesale fixed broadband entity "the one MTN wants to buy"
Telkom ISP "the one mybroadband readers hate the most"
Telkom Mobile wireless broadband entity "the one Rain wants to merge with"

 

[Pak Fa Fui]

Telkom is ready to hang up their boots

 

[Roo!]

Well I guess it makes the avoidance of bad companies easier for the customer. Instead of avoiding both Rain and Telkom you simply avoid RainCum.

 

[Jean Claude Vaaldamme]

Since all our mobile contracts was moved to Telkom mobile we have not had a days problem. If they merge with Rain I will cancel the next day.

 

[pinball wizard]

I think we have more money than rain.

 

[The_Ogre]

I guess Rain only wants to merge with Telkom Mobile.

And this is what I don't understand about these articles.

TKG is the holding company. It holds Telkom Mobile, Telkom ISP, Openserve, Gyro (builds towers), BCX, etc. All of these are separate companies. Please get this right, MyBB.

rain wants to join forces with TM only.

In my opinion, this is a good move for both companies. Anything to compete against the MTN-Vodacom cartel. rain is useless on it's own, but it's got quite a large number of 5G base stations already in operation which Telkom Mobile needs. Telkom Mobile is more consistent in terms of service delivery.

 

[Jan]

Rain ordered to retract proposed Telkom merger announcement

South Africa's Takeover Regulation Panel has instructed Rain to withdraw a press statement regarding a proposed merger with Telkom.

Rain announced on Thursday afternoon that it had formally requested to present the Telkom board with a proposal to merge the two companies.

 

[Johand]

I guess the only thing that can make Telkom's service anything worse is Rain's network speed!

This shouldn't happen. Rain is a believer in wireless only. MTN wants the fibre.

I guess a potential outcome is that Telkom spins off its mobile arm and merge that with Telkom and MTN buys the rest of telkom including fibre back haul, FTTH, business arms etc. I doubt the competition commission will allow the second biggest mobile network eat the third biggest anyway.

 

[DapperDanMan]

Takeover Regulation Panel

Just like the TRC, the TRP also demands swift justice ...

 

[Pak Fa Fui]

All that spectrum hoarding for nothing, now they are capitulating

 

[Guest 290922]

Schweeet!