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General

Telkom South Africa dismisses rights issue rumours

Monday 7 September 2020 | 09:42 CET | News
Telkom South Africa has dismissed rumours in the markets that it was preparing for a rights issue. The company declared on the Stock Exchange News Service (SENS) that it has no intention of doing a rights issue. There had been speculation that Telkom was preparing an issue as part of its strategy to raise cash ahead of the spectrum auction.

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Categories: General
Companies: Telkom
Countries: South Africa
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