Sipho Maseko ‘more than just a partner’ as Axian eyes Telkom
Former CEO’s vision includes unlocking value by combining SA operator’s physical telecom assets with those of Axian
Mauritius-based Axian Telecom believes Sipho Maseko is the right partner to execute a plan that could see it and a group of investors led by a former Telkom CEO taking control of SA’s state-affiliated telephone company.
But the pricing of the deal appears to be contested, with Business Times on Sunday reporting unnamed sources close to Telkom as saying the board rejected the Axian consortium’s R46 a share bid. But the parties were still in talks, and a revised offer had been presented, according to Business Times, which also reported that rival network MTN may be gearing up to make another bid for Telkom. ..
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