CEO has made clear it does not need ‘a knight in shining armour’
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 and Mauritius-based telecom company Axian Telecom to buy a substantial stake in the partly state-owned telecom firm...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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