Maseko calls it quits on Telkom
Consortium ‘definitely walking away’ after Telkom rejects offer for controlling stake
16 July 2023 - 08:03
After months of trying to convince the Telkom board to accept a bid for a 51% controlling stake, the company's former group CEO Sipho Maseko has ruled out a hostile takeover of the telecommunications company.
Maseko told Business Times he will not revise his bid, and is now looking for opportunities elsewhere as he embarks on an aggressive investment drive to build one of the biggest investment funds on the continent. ..
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