A possible bid by a consortium that includes former CEO Sipho Maseko to buy a stake in Telkom is still at an exploratory stage.
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But the former telecommunications monopoly faces huge challenges if it hopes to remain a significant market player.
Telkom shares rose as much as 8.9% on Monday morning after a report said Sipho Maseko is spearheading a possible bid to buy 35% of the group.
The PIC is backing a possible bid led by the former chief executive of Telkom for a 35% stake in the company, sources said.
Following Telkom’s shock profit warning last week, could MTN make another bid for the company?
Telkom has warned of a sharp decline in earnings for its financial year ended March 2023, sending its shares over a cliff.
Telkom has kicked off the sale of a stake in its fibre business, as it seeks to unlock value for shareholders and boost profit.
Telkom has appointed Geoffrey Qhena is an independent non-executive director and chairman of the board.
Promoted | Telkom’s Back 2 Business deals that have been carefully crafted with the needs of small and medium enterprises in mind.
Vodacom South Africa has announced it will hike subscription prices for its popular Red tariff plans from 1 April.