{"id":62760,"date":"2022-07-15T18:46:20","date_gmt":"2022-07-15T16:46:20","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom"},"modified":"2022-07-15T20:56:51","modified_gmt":"2022-07-15T18:56:51","slug":"south-africa-mtn-is-buying-telkom","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom","title":{"rendered":"South Africa: MTN Is Buying Telkom"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>MTN, a South African multinational mobile telecommunications company, operating in many African and Asian countries, has announced plans to buy Telkom SA SOC Limited (Telkom). In a cautionary announcement seen by Pindula News, MTN said discussions with Telkom were underway. Reads the announcement:<\/p>\n

MTN Group Limited (Incorporated in the Republic of South Africa)<\/p>\n

(Registration number 1994\/009584\/06)<\/p>\n

JSE Share code: MTN ISIN: ZAE000042164<\/p>\n

(MTN or the Company)<\/p>\n

Shareholders are advised that MTN and Telkom SA SOC Limited (Telkom) have entered into discussions in relation to MTN acquiring the entire issued share capital of Telkom in return for shares or a combination of cash and shares in MTN (the Transaction).<\/p>\n

Discussions are at an early stage and there is no certainty that the Transaction will be consummated.<\/p>\n

The Transaction, if concluded, may have a material effect on the price of the Company\u2019s securities. Accordingly, shareholders are advised to exercise caution when dealing in the Company\u2019s securities until a further announcement is made.<\/p>\n

The board of directors of MTN (Board), individually and collectively, accept full responsibility for the accuracy of the information contained in this announcement and certify that, to the best of their knowledge and belief, such information is true, and that this announcement does not omit any facts that would make any of the information false or misleading or would be likely to affect the importance of any information contained in this announcement. The Board has made all reasonable enquiries to ascertain that no facts have been omitted and that this announcement contains all information required by law.<\/p>\n

Fairland 15 July 2022<\/p>\n

Transaction and Joint Sponsor<\/p>\n

J.P. Morgan<\/p>\n

Lead Joint Sponsor<\/p>\n

Tamela Joint Financial Advisors to MTN<\/p>\n

J.P. Morgan<\/p>\n

The Standard Bank of South Africa acting through its Corporate and Investment Banking Division<\/p>\n

Tamela Legal Advisors to MTN<\/p>\n

ENS Africa<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. MTN, a South African multinational mobile telecommunications company, operating in many African and Asian countries, has announced plans to buy Telkom SA SOC Limited (Telkom). In a cautionary announcement seen by Pindula News, MTN said discussions with Telkom were underway. Reads the announcement: MTN Group Limited (Incorporated in the Republic of South […]<\/p>\n","protected":false},"author":84,"featured_media":62759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,10775,1035,19],"class_list":{"0":"post-62760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-mtn-south-africa","14":"tag-telkom","15":"tag-zimbabwe"},"yoast_head":"\nSouth Africa: MTN Is Buying Telkom - zimbabwe<\/title>\n<meta name=\"description\" content=\"MTN, a South African multinational mobile telecommunications company, operating in many African and Asian countries, has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa: MTN Is Buying Telkom\" \/>\n<meta property=\"og:description\" content=\"MTN, a South African multinational mobile telecommunications company, operating in many African and Asian countries, has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T16:46:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-15T18:56:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/07\/postQueueImg_12-62d1b8586118e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"822\" \/>\n\t<meta property=\"og:image:height\" content=\"462\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/south-africa-mtn-is-buying-telkom\",\"name\":\"South Africa: MTN Is Buying Telkom - 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