MTN in talks to take over Telkom

July 15, 2022

MTN, Africa's largest mobile operator, is in talks with Telkom to take over the company. 

Both companies issued shareholder notices on Friday saying that MTN was discussions with Telkom, SA's third-largest mobile operator, to acquire the entire share capital of the company in return for shares or a combination of cash and shares in MTN. 

Telkom's share price skyrocketed 28% following the announcement, while MTN climbed nearly 3%. 

Telkom announced earlier on Friday that Mteto Nyati, MTN's former CEO and the former group CEO of Altron, joined its board as an independent non-executive director.

Rate this item
(0 votes)

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries