Could Vox Telecom be delisted from the JSE? If rumours swirling around the telecommunications industry are anything to go by, that’s exactly what’s on the cards.
The alternative telecommunications provider is trading under cautionary — meaning it’s in discussions that could affect is share price — and talk is that a management buy-out of some sort is under consideration.
Vox Telecom MD Douglas Reed says that because the company is trading under cautionary he is unable to comment at all on the speculation.
But industry sources say the company’s management team — led by Reed and CEO Tony van Marken — is frustrated that Vox’s share price is in the doldrums.
The share has been trading at less than 40c for most of the past year, perking up a little after it published the cautionary notice to shareholders on 13 September.
Investors are concerned about the impact that falling mobile termination rates — the fees that the mobile operators charge each other to carry calls on their networks — will have on Vox Orion, Vox Telecom’s biggest subsidiary.
Vox Telecom is due to report its annual financial results on 25 November. — Duncan McLeod, TechCentral
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