TIISETSO MOTSOENENG: Telkom’s missed opportunity
The board could have ticked a key performance indicator box if it had accepted the consortium’s offer
13 July 2023 - 05:00
It is hard not to see the rejection by Telkom’s board of an offer from a group of investors led by former CEO Sipho Maseko as a missed opportunity for leaders to tick a key performance indicator box.
Maseko joined forces with the Public Investment Corporation (PIC) and Mauritius-based Axian Telecom to bid a rumoured R46 per share for at least a 35% stake in the company and a sound strategy to combine Telkom’s fibre, cellphone towers and data centre assets with those of Axian to create a pan-African telecom infrastructure group with a sustainable financial future...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.