Telkom is just weeks away from announcing the sale of its masts and towers business.
Browsing: Sipho Maseko
MTN Group on Tuesday hinted strongly that it remains interested in buying Telkom.
Telkom jumped as much as 12% after confirming it received a bid for a controlling stake from a consortium that includes its former CEO.
A possible bid by a consortium that includes former CEO Sipho Maseko to buy a stake in Telkom is still at an exploratory stage.
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.
Telkom CEO Serame Taukobong has told TechCentral that the company is giving serious consideration to selling a stake in Openserve.
Once Telkom has concluded its deliberations with Rain, it’s possible – likely even – that the company will be back at MTN’s door.
Telkom will complete the legal separation of its wholesale division Openserve on 1 September, with the unit becoming a wholly owned subsidiary.