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.
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