Tag: Rain
Rain found guilty of misleading advertising in SA
South Africa’s Advertising Regulatory Board (ARB) has ruled against telecom company Rain for misleading customers with an advertisement.
The Ad promises customers they could "join now for...
Telkom, Rain remain engaged over proposed acquisition
Wireless broadband operator Rain said on Wednesday that it remains engaged with Telkom about a proposed acquisition.
This comes after Telkom and MTN Group told investors...
MTN finally quits Telkom acquisition talks
MTN Group has walked away from talks to acquire Telkom, sending the partially state-owned telecommunications operator’s shares crashing nearly 25%.
“MTN terminated discussions in relation to...
Telkom shares rise after company says MTN talks continue
Shares in Telkom rose this week after the company informed investors that it is still in talks with MTN Group about a possible acquisition.Â
In...
MTN hints it could quit Telkom talks over Rain flirtation
It appears Telkom’s apparent willingness to engage with Rain about a possible deal could harm its merger talks with MTN Group.
MTN issued a curiously worded...
Telkom receives formal proposal from Rain
South African internet service provider Rain has formally made a non-binding proposal to Telkom South Africa that would see the latter acquire the former...
Rain caught in misleading advertising
South Africa's mobile-data-only network, Rain has been forced by the country's Advertising Regulatory Board (ARB) to make adjustments to its advertising after customers complained...
MTN, Telkom still in takeover talks
In separate but identical regulatory filings on Monday, MTN Group and Telkom said they remained locked in discussions about a potential combination of their businesses.
The...
Rain withdraws “embarrassing” Telkom merger statement
Following strong criticism by the Takeover Regulation Panel (TRP), telecommunications operator Rain has withdrawn its press release of 11 August in which it announced a...
MTN talks remain on track – Telkom
Telkom on Friday finally issued a statement to investors via the JSE’s stock exchange news service after Rain on Thursday said it planned to approach...