Telekom Networks Malawi Limited (TNM) wishes to advise our shareholders and the general public that the Company is currently involved with negotiations to acquire the ISP business and related assets of Burco Electronic Systems Limited with the objective to use these assets to establish the TNM Business Services Division.
Although the transaction will not be significant in the context of the overall TNM infrastructure investments, the outcome of these negotiations may affect the future share price.
Shareholders are therefore advised accordingly to exercise caution in dealing in their shares in the Company until a further announcement is made.
TNM will communicate further developments to the shareholders as and when required.
CHAIRMAN OF THE BOARD