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...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.