Buyers court e.tv but fail to win over owners HCI
Hosken Consolidated Investments, has been approached five times by interested buyers over the past year, but CEO Johnny Copelyn says no sale is imminent
The owner of e.tv, Hosken Consolidated Investments, has been approached five times by interested buyers over the past year, but CEO Johnny Copelyn says no sale is imminent. "The answer is a matter of principle," he said in an interview with Business Times. "Everything we own could be purchased from us at a price. We're not so emotionally wedded to things that the answer is 'no', no matter what [is] offered. [But] I've never seen an offer from anyone that is faintly in line with our expectations for the future of the business." Copelyn said HCI, which also owns gambling assets, was always in talks with other businesses, including leading mobile operators, about partnership opportunities. "We've had long-running pilot projects with companies — MTN, Vodacom, the like — for a couple of years now. So it's not like we don't know they're there or they don't know we're there, but so far none of that has really developed into major significance for us." It is understood that Telkom is one of...
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