On the one hand, MTN’s mobile networks (34.5 million customers, 31% market share); on the other, Telkom’s fiber optic network (owned at 40 % by the state). It is to change dimension that the first is eyeing the second, an operation potentially valued at several billion US dollars to combine the two networks. The merger of the two players – respectively the second and third operator in the country – would result in a stranglehold on nearly 45% of the local market share.
Read on The Africa Report – South Africa : Is MTN’s ambition to buy Telkom a problem for the competition commission ?
“Discussions are starting, there is still no certainty that the transaction will go through. But, if so, it can have a significant effect on the price of the company’s securities. Therefore, caution should be exercised in negotiations until ce