TNM | Cautionary Statement Update

By Published On: December 15th, 2014Categories: Corporate announcement

Telekom Networks Malawi Limited (TNM) wishes to advise its shareholders and the general public that the Company has finalised the negotiations and entered into a Transaction agreement, 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.

The Transaction is subject to obtaining the approval from the Competition and Fair Trade Commission of Malawi and the shareholders will be informed of further developments as and when required.

The Transaction will not be significant in the context of the annual TNM infrastructure investments for 2014.

Shareholders are therefore advised to exercise caution in dealing in their shares in the Company until a further announcement is made.

CHAIRMAN OF THE BOARD

11th December 2014

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

Telekom Networks Malawi Limited (TNM.mw)

Share price: 1,420.00 Tambala ▲ (3.00 | 0.21% – 24/03/23)

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