The rally could be explained by a mooted property deal or EOH’s woes, an analyst says
Shares in Telkom, the partially state-owned network operator, have climbed to their best level since June 2017 thanks to loftier expectations from investors about the group’s outlook.
Telkom CEO Sipho Maseko told Business Day in November the telecommunications group would consider spinning off its property assets, which have an insured value of R24bn, as a “mega” real-estate investment trust . Takaendesa said there had also been speculation that Telkom, via its information technology unit BCX, was benefiting from EOH’s woes.“But that’s not enough to justify the share price performance over the past six months, as EOH is actually aggressively pricing on contracts to keep customers,” he said.
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