Saturday, December 9, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Contact
  • Login
No Result
View All Result
TechBooky Africa
Home Telecom

The MTN Group Proposes an Acquisition Deal to Telkom.

MTN's acquisition proposal is still premature.

Eni Emeka by Eni Emeka
July 16, 2022
in Telecom
0

 

Related posts

Starlink Nigeria

The Impact of Starlink’s Price Drop in Nigeria.

October 11, 2023
Starlink Zambia

Starlink Set Up Shop in Zambia.

October 7, 2023

The African telecommunications industry sets to add another acquisition update to its list of stories as the world-famous MTN Group discusses an acquisition deal with Telkom which pose a rival scheme to put Telkom under its shadows. Both Telkom and MTN are natives of South Africa and they have a behemoth stance in the industry.

Unlike the MTN Group which is a fully developed capitalist company, Telkom organization is a combination of more socialists than a capitalist company resourceful to maintain its behemoth stance in the industry. Telkom’s status as a semi-state-owned company does not discourage MTN to add Telkom to its list of subsidiaries.

According to MTN’s announcement, the Telkom acquisition will be paid for in a mish-mash of stocks and cash as MTN prefers to make payment for its purchase while the Telkom company prefers to receive payments with shares in line with eavesdrops from the telecoms meeting on Friday.

It is worth noting that the previous CEO of the MTN Group Mteto Nyati joined the Telkom Board of directors as a non-executive member. Although his voice was not heard during the talks Telkom had with its proposed buyer. Then again, recall that Nyati also led the Altron Group as its chief executive before defecting to Telkom – whichever way the card turns out to play Nyati will be subjected to its ex-company’s decisions if MTN succeeds to acquire Telkom mobile.

The MTN Group is likely to make payment in either of the listed valuables above (shares, cash, or stocks). The government has a minimum of 40% Telkom shares and 13% PIC.

“If concluded, the transaction may have a material effect on the price of the company’s securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is made.”

In contrast with the MTN Group and Telkom’s stance in the telecom industry, the yellow telecom company has more fame and resources in the continent and beyond compared to its counterpart. The Telkom acquisition proposal is a strategic scheme for MTN to reinforce its resources to bolster its expansion scheme across the continent – MTN has a futuristic plan to provide global telecom services.

Other reporters familiar with the MTN Group proposal agree that MTN wants to rival other telecom service providers in the continent, starting from its host country. The likes of Glo, Vodacom, Safaricom, Airtel Africa, Paratus Angola, and many more others will be no match to compete against the MTN Group.

Remember that Telkom just finalized its 4G/LTE broadband installation in east Africa’s commercial zone. It is a no-brainer the MTN Group Has ideal schematics of business dealings.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: acquisitionafricasouth africatelecom
Previous Post

Flutterwave Seize Leveraging Dollar Transaction Terminating its Virtual Barter Card

Next Post

KoraPay Denies Fraud Allegations by the Kenyan Regulatory Agency

Next Post
KoraPay Denies Fraud Allegations by the Kenyan Regulatory Agency

KoraPay Denies Fraud Allegations by the Kenyan Regulatory Agency

RECOMMENDED NEWS

MTN Introduces MoMoAdvance; A Credit Facility Exclusive for Ugandans.

MTN MoMo Complete Its Final FinTech Requirement To Acquire The CBN PSB license.

2 years ago
MTN Introduces MoMoAdvance; A Credit Facility Exclusive for Ugandans.

MTN Introduces MoMoAdvance; A Credit Facility Exclusive for Ugandans.

2 years ago
YouTube Announces Series of Events Planned to Celebrate Africa Day This May.

YouTube Announces Series of Events Planned to Celebrate Africa Day This May.

2 years ago
E.tv and SABC Appeals to the South African Regulator to Probe Sentech’s DTT Service.

E.tv and SABC Appeals to the South African Regulator to Probe Sentech’s DTT Service.

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa AI app CBDC cbn central bank of nigeria cloud crypto cryptocurrency Crypto market cybersecurity e-commerce east africa economy fintech Flutterwave funding Fundraising google government internet investment kenya License microsoft mtn ncc nigeria Partnership ride hailing rwanda seed social media software south africa startup Start up streaming technology telecom twitter west africa whatsapp

Featured Categories

App
35 Posts
View Posts
Banking
18 Posts
View Posts
Business
15 Posts
View Posts
Cryptocurrency
43 Posts
View Posts
Cybersecurity
21 Posts
View Posts
East Africa
41 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
41 Posts
View Posts
Event
12 Posts
View Posts
Fintech/Finance
130 Posts
View Posts
Funding
41 Posts
View Posts
Gadget
17 Posts
View Posts
Government
83 Posts
View Posts
Insight
8 Posts
View Posts
Internet
27 Posts
View Posts
Investment
22 Posts
View Posts
Nigerian/African Tech
47 Posts
View Posts
North Africa
4 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
6 Posts
View Posts
Service
38 Posts
View Posts
Social Media
39 Posts
View Posts
Southern Africa
25 Posts
View Posts
Startup
114 Posts
View Posts
Telecom
55 Posts
View Posts
Transport
21 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
60 Posts
View Posts
No Result
View All Result
Loading
  • Sony innovation fund
    Sony’s $10 Million Fund is Transforming Africa’s Creativity & the Theatric Industry at Large. 
    • October 18, 2023
  • Web3Ladies
    The Impact of Yellow Card’s Grant on Nigerian Women and the Blockchain Industry.
    • October 17, 2023
  • AI startups
    The Nigerian Start-ups That Evolved With The AI Technology Emergence
    • October 14, 2023
  • Starlink Nigeria
    The Impact of Starlink’s Price Drop in Nigeria.
    • October 11, 2023
  • CoverAI.io
    CoverAI’s Acquisition by Writesea, a New York-Based Firm.
    • October 11, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Sony’s $10 Million Fund is Transforming Africa’s Creativity & the Theatric Industry at Large. 
  • The Impact of Yellow Card’s Grant on Nigerian Women and the Blockchain Industry.
  • The Nigerian Start-ups That Evolved With The AI Technology Emergence

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In