NEWS ANALYSIS: Time for Telkom to execute on value-unlock plan
CEO has made clear it does not need ‘a knight in shining armour’
20 July 2023 - 05:00
After choosing to put the brakes on former CEO Sipho Maseko’s plan to take a big chunk of Telkom, attention will shift to the group’s management to execute on a plan to unlock value trapped in its sprawling, once monopolistic structure.
In June, Telkom confirmed it had received an unsolicited offer led by Maseko, the Public Investment Corporation (PIC) and Mauritius-based telecom company Axian Telecom to buy a substantial stake in the partly state-owned telecom firm...
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