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Michael Wallis-Brown, Group Head for Ericsson Mobile Financial Services, recently highlighted the transformative partnership between Ericsson and MTN, which is driving innovation in mobile financial services across Africa. Speaking at the 3i Africa Summit in Accra, Wallis-Brown emphasized the crucial role of this collaboration in providing robust financial solutions tailored…
Telkom CEO Serame Taukobong on Wednesday said the partially state-owned telecommunications operator is open to further conversations with MTN Group about a transaction. This comes a month after MTN terminated discussions about an MTN-led proposal to buy Telkom after Telkom said it was entertaining an offer from small rival Rain. Taukobong,…
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned telecommunications operator’s shares crashing nearly 25%. “MTN terminated discussions in relation to the MTN proposal on 18 October as Telkom was not in a position to provide MTN with assurances around exclusivity,” Telkom said in a statement…
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could harm its merger talks with MTN Group. MTN issued a curiously worded statement to investors, via the JSE’s stock exchange news service, on Friday, in which it said it has written to Telkom’s board about Telkom’s announcement,…
Telkom on Friday finally issued a statement to investors via the JSE’s stock exchange news service after Rain on Thursday said it planned to approach the telecommunications operator’s board about a possible merger. All it said, however, was that it had not received an offer or proposal from Rain, and that…