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Chinese money backs bid for Telkom Media ADSL South Africa (Broadband South Africa), 2 November 2008 It doesn’t come as a surprise that Chinese money is backing a local consortium that wants to buy a huge chunk of Telkom’s holding in Telkom Media. It is no secret that the Chinese have been eyeing Africa for some time now.
Close to finalising a deal… Word is out that Telkom is close to finalising a deal with a local consortium, backed by Chinese money, which wants to buy a huge chunk of Telkom’s 66% shareholding in Telkom Media. This comes after Telkom and players such as e.tv got cold feet and decided to place their satellite TV aspirations on the back burner. This is despite the fact that both e.tv and Telkom Media have been rewarded pay-TV licenses. |
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