Friday, 24 March, 2023

SA govt body asks Rain to withdraw merger proposal with Telkom

<p>South Africa-based data network operator Rain has been criticised by a government agency for proposing to merge with larger rival Telkom SA, claiming the business did not seek prior consent. In an effort to defeat mobile carrier MTN&#39;s plans to buy Telkom, Rain said it had proposed a merger with Telkom. The statement, according to a government commission called the Takeover Regulation Panel, was made by Rain without the requisite prior authorization.</p>