The South African telecom giant, Telkom, recently rejected an acquisition bid from a consortium led by its former Chief, Sipho Maseko. The bid, whose details remain undisclosed, sparked extensive board deliberations and was followed by a 7% fall in Telkom’s share price. CEO Serame Taukobong maintains, however, that offers for a takeover will remain on hold until viable proof of deliverability is presented.
United Group’s series of acquisitions in Bulgarian telecommunications raises intrigue, drawing attention especially from vigilant industry veterans like A1 Group and PPF Group. The tacit consent of the Bulgarian Commission on Protection of Competition allowing Vivacom to absorb Networks-Bulgaria and six other telecom firms, potentially empowers Vivacom with unprecedented control over TV distribution and the ISP market.
Elon Musk’s $44 billion cash proposal to take over Twitter Inc. was approved on Monday, giving the world’s richest man control over the social-media network where he is also one of its most popular users. As part of the arrangement, Musk plans to take Twitter private. Tesla’s CEO promised additional features and reaffirmed his call for Twitter’s content moderation policy to be loosened. Free speech, according to Musk, is the backbone of a functional democracy, and Twitter is the digital town square where important issues affecting humanity’s future are argued. If approved, the acquisition would be one of the largest in tech history, with worldwide ramifications for years to come, including the potential to shape how billions of people use social media. Elon Musk took a bite out of Twitter in early April, leaving with 9.2% of the firm and plans to exert control over it through…
The Italian telecoms operator TIM is evaluating the US investment group’s KKR expression of interest in acquiring the full capital stake of the company, a potential 11 billion euro transaction. The proposal was lodged by the US investment fund at a price of €0.505 per share, a 45.7 percent premium over the share’s closing price on Friday. TIM described KKR’s expression of interest as “friendly,” with the goal of securing approval from TIM’s board and management. Telecom Italia said its board of directors met and addressed the fund’s interest in initiating a prospective public tender, which is subject to a four-week period of due diligence and clearance from the Italian government, that has veto power over the group’s purchase. Although TIM is a private corporation, because it is considered a strategic asset for Italy, the Italian government has the right to decline any purchase that it believes would…
