We have the money, Axian says about Telkom’s bid doubts
Telkom has questioned the financial firepower of the consortium to pay for at least 35% of the telecoms operator
12 June 2023 - 10:23
UPDATED 12 June 2023 - 22:40
The main funder behind a team of investors led by former Telkom CEO Sipho Maseko to buy into the telecoms operator is confident of its ability to raise funds to support the bid, with a company insider saying it has low borrowings and solid relationships with bankers.
The comments by the source at Axian Telecom, who spoke on condition of anonymity, came hours after Telkom raised doubts about the financial firepower of the consortium to pay for at least 35% of the company, while confirming that it had been approached...
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