Bidding war on the cards for Telkom’s Openserve

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The group will start a formal process to solicit outside investment due to high demand

Openserve, Telkom’s infrastructure unit, is in the process of being separated out. Picture: BLOOMBERG/WALDO SWIEGERS

“Various initiatives are under way with the goal of realising value through the sale of a minority stake in the 100%-owned Telkom subsidiary,” the group said on Tuesday as it reported third quarter earnings. With enough interest, a formal process will be launched by the end of the 2023 financial year in March, the group said.

 

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