MTN Group Limited (JSE:MTN) is considering reviving its plans to acquire South African telecoms company and rival, Telkom SA SOC Ltd. (JSE:TKG). This follows MTN?s decision to walk away from negotiations to buy the company in 2022. According to Bloomberg, the project is part of the group?s plan to broaden its footprint and bring about dominance in the African telecommunications space.
Currently, MTN Group has 298 million subscribers across its 15 African markets. Acquiring Telkom SA?s 23 million subscribers will be a significant addition to its base. According to reports, Telkom has been in touch with experts and advisers on both sides to see if a new takeover bid is launched.
While the two companies are expected to launch new negotiations by the end of 2025, there?s no guarantee that the deal will be successful.
