MTN, Telkom Said in Talks With Advisers on Possible Deal
MTN Group Ltd., the largest wireless carrier in Africa, is in discussions with advisers about a potential deal to acquire its smaller South African rival, Telkom SA. The talks are still in the early stages, and no final decision has been made. The two companies have previously held merger talks, but they were abandoned in 2020. The current discussions are aimed at exploring the feasibility and potential benefits of a combination between the two telecommunications giants. The potential deal could reshape the South African telecom landscape, creating a more formidable player to compete with other major players in the market. However, the success of any such deal would depend on various factors, including regulatory approvals and the ability to navigate the complexities of merging two significant industry players.
Source: For the complete article, please visit the original source link below.
