Sipho Maseko has war chest of R12bn for Telkom stake
Investors led by former Telkom CEO together with Mauritius-based Axian Telecom to create a pan-African giant
The group of investors led by former CEO of Telkom Sipho Maseko has amassed a war chest of about R12bn to buy a substantial stake and inject much-needed cash into the ailing telecoms operator.
Business Day understands from a source with direct knowledge of the plan that Maseko has garnered support from major shareholders for a deal that will see the consortium take up a 35% stake in Telkom...
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