US EditionSouth African Government regains control of Telkom - Innovation Village | Technology, Product Reviews, Business
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South African Government regains control of Telkom - Innovation Village | Technology, Product Reviews, Business
The Public Investment Corporation (PIC) has increased its equity stake in Telkom, effectively restoring the South African government’s majority control over the telecommunications company. This development marks a significant reversal, less than a year after the state relinquished its controlling interest. In a shareholder notice issued on Thursday, 10 July, Telkom confirmed a change in beneficial ownership following the PIC’s acquisition of add…
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