Telekom Networks Malawi Says In Talks With New Investor

Mergers, Acquisitions and Financial Results

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%.