Telekom Networks Malawi Says In Talks With New Investor
Telekom Networks Malawi (TNM) says that the company has received an expression of interest from and entered into discussions, with a potential -- unnamed -- strategic equity partner.
In a brief notice to the Malawi stock exchange, the company said that shareholders are advised to accordingly exercise caution in dealing in their shares in the Company until a further announcement is made.
The company has a diverse shareholder base, with just 21% listed on the stock market. The government owns 44.5%, and three other corporate shareholders have between 10.5-13% each.
According to the Mobile World analysts, the company had 1.185 million customers at the end of June, representing a market share of 42%.