Telkom says no formal offer from Rain was tabled
By: Natasha Archary Telkom says while it notes interest for a possible merger, no formal offer from Rain has been tabled. The data-only mobile operator is said to have approached Telkom with a proposal for a merger which would create a company worth R40 billion. However, the Takeover Regulation Panel has ordered Rain to withdraw its statement, declaring the proposal unlawful. Rain announced on Thursday that a formal request to […]