Telkom taps Bank of America for sale of stake in fiber unit Openserve

Jan

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Telkom kicks off sale of Openserve

Telkom SA SOC has kicked off the sale of a stake in its fiber business, as it seeks to unlock value for shareholders and boost profit.

The South African telecommunications group is working with Bank of America Corp. to gauge interest in the Openserve business from potential investors and strategic partners, a spokesperson said in an emailed response to Bloomberg queries.
 
Not sure too many people would be interested unless it's a controlling stake to be honest
 
Wait for the marching and rioting in the streets that we dared to sell it to the old colonialists and not the new masters...
 
Buyers must be falling over themselves. /s
minions-shopping.gif
 
They're selling it for the top guys to pocket the cash? That's it?
 
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