Friday, August 26, 2011

Mascom Unaware of MTN Take Over Plans

Botswana’s largest mobile operator by subscribers, Mascom Wireless, has denied having any knowledge of alleged plans by South African telecoms group MTN to fully acquire the company. 

An industry insider told Botswana newspaper Gazette Business that takeover discussions between the two parties were at an advanced stage, with a full takeover and rebranding likely to take place in the next two years. 

MTN already indirectly holds a 53% stake in Mascom.

 Responding to the claims, Mascom’s communications and public relations manager, Tebogo Lebotse said in a written statement that ‘Mascom can, however, confirm it is not aware of any plans or developments of a takeover and therefore cannot comment on the consequent impact on the operational structure of Mascom.’

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