Telkom confirms receiving unsolicited offer to acquire controlling stake in the company by a consortium led by ex-CEO Sipho Maseko. M&A telecoms
Telkom has confirmed receiving an unsolicited offer to acquire a controlling stake in the company, from a consortium led by its former group chief executive officer Sipho Maseko.
It says the merits of the bid are being assessed by the Telkom board of directors in accordance with its fiduciary duties.yesterday reported that the consortium led by Maseko presented an offer of R46 a share for a controlling stake in South Africa’s third-largest mobile network, but this was immediately rejected as too low and not in the best interests of Telkom shareholders.
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