Telkom confirms interest
Business Day this morning reported that “one of Nigeria’s wealthiest entrepreneurs has made a surprise bid to Telkom, proposing to create a pan-African telecoms giant by marrying Telkom’s 50% stake in Vodacom with Nigeria’s cellular operator Globacom.”
Telkom responded to this report, saying that it has received a number of enquiries and expressions of interest in respect of one or more components of its business.
“Telkom has not entered into any discussions in respect of any of these expressions of interest, other than those referred to in Telkom’s cautionary announcements renewed on 26 August 2008,” the company said.
“The Board of Telkom will, in accordance with its fiduciary duties, evaluate any proposal received in order to determine whether it would be in the best interests of shareholders and whether it is capable of being implemented in full. Telkom will release an appropriate announcement if at any stage it enters into discussions in respect of any expressions of interest.”
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