Telkom’s board has rejected an acquisition proposal from a consortium that includes its former group CEO, Sipho Maseko.
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Telkom’s board has rejected an acquisition proposal from a consortium that includes its former group CEO, Sipho Maseko.
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.