Oct 19, 2017 Last Updated 2:13 PM, Oct 19, 2017
×

Warning

JFile: :read: Unable to open file:

Press Corporation Set To Close Deal With Potential Partner

Press Corporation Set To Close Deal With Potential Partner Image sourced at presscorp.com
Published in Business News
Read 16869 times
Rate this item
(0 votes)
Tagged under

Press Corporation Limited is still working on closing a deal with a potential strategic partner for its new infrastructure company, Open Connect Limited (OCL).

OCL was formed following the unbundling of their telecommunications subsidiary MTL which was manning both infrastructure and telephony businesses.

The tasks were said to have been burdening MTL, affecting the efficiency of the business in the process.

According to representatives of the conglomerate, OCL, which is now operational and responsible for fibre optic management for the company and wholesale of bandwidth, still needs a strategic investment partner.

An inside source has told Capital FM that despite OCL being operational, that there is a company which is in negotiations with PCL on the partnership.

According to the source, the two parties have been advised not to divulge any information until a deal is closed.

One of the objectives of the establishment of the sister company to MTL, is to make the telecommunications firm more profitable as it was making worrying losses for the group.

Press Corporation Limited is a public listed company incorporated in Malawi, under the Companies Act 1984; and is quoted on the Malawi Stock Exchange and is listed as a global depository receipt on the London Stock Exchange.

143 comments

  • Comment Link Luiz Fernando Monteiro Bittencourt Luiz Fernando Monteiro Bittencourt Thursday, 19 October 2017 05:47

    Hey there, You've performed a great job. I'll definitely digg it and for my part recommend to my friends. I'm confident they will be benefited from this website.|

  • Comment Link lelio vieira carneiro junior lelio vieira carneiro junior Wednesday, 18 October 2017 17:38

    I'm not sure exactly why but this web site is loading very slow for me. Is anyone else having this problem or is it a problem on my end? I'll check back later and see if the problem still exists.|

  • Comment Link lelio vieira carneiro junior lelio vieira carneiro junior Wednesday, 18 October 2017 17:38

    This text is invaluable. How can I find out more?|

  • Comment Link lelio vieira carneiro junior lelio vieira carneiro junior Wednesday, 18 October 2017 17:38

    Hey There. I found your blog using msn. This is an extremely well written article. I will make sure to bookmark it and return to read more of your useful info. Thanks for the post. I will definitely comeback.|

  • Comment Link lelio vieira carneiro junior lelio vieira carneiro junior Wednesday, 18 October 2017 14:53

    I am truly glad to glance at this weblog posts which carries lots of useful data, thanks for providing these kinds of information.|

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook