Telkom says acquisition deal from former CEO has not been rejected

Telkom CEO Serame Taukobong says the offer from his former boss Sipho Maseko to buy the company has not been rejected.

Telkom CEO Serame Taukobong has clarified that the offer from the company’s former CEO, Sipho Maseko, to buy Telkom has not been rejected.

However, in 2020, Maseko told investors Telkom was worth R53 billion, equating to a share price of R108. He said it is important for the company not to get tied down for the next four or five years with competition issues and be unable to exercise its value creation.Taukobong said Telkom is looking to potentially sell its towers and partner with someone in its fibre business and does not want these projects to be stopped by unsolicited bids.to buy Telkom in return for shares or a combination of cash and shares.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mybroadband /  🏆 11. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Telkom taps Cell C’s Simo Mkhize as CCOTelkom has appointed former Cell C executive Simo Mkhize as chief commercial officer (CCO) of the group. Telecoms Telkom SimoMkhize MTNSA LungaSiyo GordonInstituteofBusinessScience CellC
Read more »

Here’s why government must sell its Telkom stakeTelkom is burning more and more cash, margins are down and its mobile growth has slowed significantly. Moneyweb CompanyNews
Read more »

Telkom drops the South African Post OfficeTelkom no longer lets customers settle their bills through the Post Office.
Read more »

Telkom taps Cell C for new commercial chief - TechCentralSimo Mkhize has been appointed chief commercial officer of Telkom’s consumer and small business division.
Read more »

Telkom removes troubled SAPO as payment channelTelkom announces account payment options for its customers will no longer include the South African Post Office. SAPO
Read more »

Telkom Ditches The South African Post OfficePerhaps they could convert the old post office buildings into monuments to an institution that worked at some point, but is now just pointless and riddled with corruption and incompetence. Like they did at Luthuli House.
Read more »