Telkom shareholders eye huge windfall

[rpm]

Telkom shareholders eye huge windfall

Shareholders of Telkom are in for a massive windfall if the fixed-line network operator decides to pay a special dividend from the proceeds of selling its 15 percent stake in Vodacom.

 

[Pilgrim]

The government might receive R6.8 billion and the Public Investment Corporation could take about R2.6 billion, while empowerment group Elephant Consortium could pocket more than R1 billion.

My guess is that gov would go for the dividends. Where have they ever looked beyond the now and thought of the future?

Why would they care if they cashed in on this deal and left telscum without money to roll out their fancy new mobile network?

Greed will be the undoing of telscum, at least so I hope.

 

[sabagamma]

I think this article is incorrect, the South African population is paying a special dividend - Telkom is just distributing it...

Ruben will pay this dividend IMHO, that way he will be a popular CEO for a while longer.

 

[pkid]

Sigh

 

[LordFoom]

Yeah, rub that salt onto my raw and weeping wound, yeah, it burns, it burns so good.

 

[The_Unbeliever]

Greed will be the downfall...

 

[voipnow]

What will the estimated R payout be per share. I will use by special dividend to buy vodacom shares as they list.

 

[tjunyat]

Yet more Telkom and Guavamunt signs of incompetence