MTN Sets Its Sights on SA's 3rd Largest Mobile Operator, Telkom, Netizens Unimpressed by Bid – Briefly

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JOHANNESBURG – Africa’s biggest mobile network, MTN, plans to take over Telkom. The companies released notices stating that discussions into the acquisition are underway.
Telkom is the country’s third largest mobile operator, and its shares skyrocketed to 28% after the companies made the announcement. According to Fin24, MTN wants to acquire the company’s entire share capital in return for either shares or cash and shares in the mobile giant.
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However, the telecommunications companies said that discussions are at an early stage, and there is no certainty that the deal will be finalised. While Telkom is older than MTN by three years, the latter doubled the size of the former in terms of cellphone subscribers.
According to Business Insider South Africa, MTN is at least 15 times larger than Telkom due to investors having more faith in its ability to keep growing. MTN is also much more profitable than Telkom.
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South Africans are unimpressed with MTN’s bid to take over Telkom:
@maodiiz said:
@TsohliK wrote:
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@duppie4x commented:
@MSENTIFICATI9N added:
In a related matter, Briefly News also reported there are several types of Telkom internet packages for prepaid, hybrid, and post-paid subscribers. Usually, Telkom internet bundles prices vary based on several factors, including price, speed, and validity.
Therefore, understanding some of these factors may come in handy when looking for the ideal package.
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Source: Briefly News
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