TeleMasters says discussions with the acquiring company are still ongoing.
TeleMasters Holdings has announced that a company has approached its two largest shareholders to acquire their shares, subject to several conditions.
It added that the acquiring company must still conclude various regulatory processes before making a formal offer. If a formal offer is made and TeleMasters accepts, it will lead to a change of control of TeleMasters and a mandatory offer on similar terms to its remaining shareholders. TeleMasters said that, if concluded, the acquiring company would require shareholder and regulatory approvals.
South African Telecoms Telemasters Telemasters Holdings Business Telecoms
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