Malawian mobile operator Telekom Networks Malawi (TNM) has received an expression of interest from a “potential strategic equity partner”.
In a statement, TNM did not name the potential partner, but it did say that they had started discussions.
It…
Malawian mobile operator Telekom Networks Malawi (TNM) has received an expression of interest from a “potential strategic equity partner”.
In a statement, TNM did not name the potential partner, but it did say that they had started discussions.
It stated that the outcome of these discussions could affect the share price and advised shareholders to “exercise caution in dealing in their shares in the company until a further announcement is made”.
TNM said that all efforts would be made to inform the public of future developments as and when it is required.
In its H1 2011 results, which were released on 5 September, the company said that it had seen a “significant increase” in its subscriber base and the traffic on its network.
For the six months up to 30 June, EBITDA stood at MWK1.99bn (US$12.1m), up from MWK1.54bn (US$9.4m) for H1 2010.
Its profit was MWK587m (US$3.6m).
