The Takeover Regulation Panel has instructed Rain to retract a statement announcing its proposed merger with Telkom.
Rain has proposed a merger with Telkom, saying that it would create a 5G powerhouse to compete with Vodacom and MTN.
Ignore for a moment that Rain, although growing fast, is a relative pipsqueak next to Telkom. Does a merger make any sense? By Duncan McLeod.
Over the last four years, Rain’s valuation increased from R9.460 billion to R16.643 billion, raising eyebrows among investors.
Rain said it has the functionality to offer prepaid services and will offer it to reach more customers.