📞🔄 MTN Dey Show Hand 👋💡 Say Dem Still Wan Do Yawa Deal Wit Telkom
For inside di tori wey drop on Tuesday, MTN Group, dem don drop beta hint say dem still get interest to waka come back come discuss if dem fit buy Telkom, wey be di telecom operator wey government get hand inside am small 🏛📞🔍.
Na di same Tuesday morning na him Telkom drop their financial result for di whole year wey reach March ending, na him MTN release statement. For inside the statement, dem talk say their competitor na beta business wey get correct asset dem 💼💡📊.
MTN talk say dem still believe say di offer dem bin drop for July 2022 for don good for di shareholders dem of the two companies plus even other people wey dey stake the business 🤝💰🔄. “As we dey so, no offer dey ground or any official talk,” na wetin dem yarn.
Last year, MTN bin take style waka comot from di small talk wey dem bin dey about possible transaction after Telkom board decide say dem wan follow Rain, wey be new pikin for di wireless broadband business, talk. But as we dey so, the talk with Rain no follow go anywhere 🚀☔️🔀.
Recently, report dem don dey fly around say Telkom don see proposal from one group of people wey come together. Inside dis group, dem say na im their former Oga kpatakpata, Sipho Maseko, and Axian Telecom wey base for Mauritius, dem come together come drop offer to buy majority share for inside the company 🔍📝💼.
On Tuesday, after MTN come out drop dis their talk, Telkom share price come change waya. E first drop reach more than 6% because of the annual result wey dem release, but around afternoon time for Johannesburg, e come climb reach almost 2% gain 📉🔄📈.
NOW IN ENGLISH
📞🔄 MTN Gives Hint 👋💡 They’re Still Interested in a Deal With Telkom
On Tuesday, the MTN Group dropped a significant hint that they are still interested in returning to discussions to potentially purchase Telkom, a telecommunications operator partially owned by the government 🏛📞🔍.
On that very Tuesday morning, when Telkom published its annual financial results ending in March, MTN released a statement. Within the statement, they referred to their rival as a business with valuable assets 💼💡📊.
MTN stated they still believe the offer they made in July 2022 would have benefited shareholders of both companies and other stakeholders 🤝💰🔄. “At the moment, there is no offer on the table or any official discussions,” they said.
Last year, MTN subtly withdrew from preliminary discussions about a possible transaction after Telkom’s board decided to entertain an offer from Rain, a newcomer in the wireless broadband business. As it stands, the discussions with Rain did not lead anywhere 🚀☔️🔀.
Recently, reports have been circulating that Telkom received a proposal from a consortium. This group reportedly includes their former CEO, Sipho Maseko, and Mauritius-based Axian Telecom, who together made an offer to buy a majority stake in the company 🔍📝💼.
On Tuesday, following MTN’s remarks, Telkom’s share price took a turn. Initially, it dropped by more than 6% due to the release of the annual results, but by midday in Johannesburg, it had risen to almost a 2% gain 📉🔄📈.
