Jun 20, 2018 Last Updated 7:58 AM, Jun 19, 2018
×

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 26975 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.

3313 comments

  • Comment Link Loan Loan Friday, 15 June 2018 07:31

    best payday loans online my payday loan online payday loans online payday

  • Comment Link Buy Custom Essay Buy Custom Essay Thursday, 14 June 2018 23:43

    need help to write an assignment paper writing services problem solving and critical thinking best college paper writing service

  • Comment Link cheap Lafuma cheap Lafuma Thursday, 14 June 2018 15:50

    This is a fascinating article by the way. I am going to go ahead and save this article for my brother to read later on tonight. Keep up the fine work.
    cheap Lafuma https://www.lafumasale.cc

  • Comment Link cole haan cheap cole haan cheap Thursday, 14 June 2018 15:50

    How is it that just anybody can create a weblog and get as popular as this? Its not like youve said something extremely impressive more like youve painted a quite picture over an issue that you know nothing about! I dont want to sound mean, here. But do you genuinely think that you can get away with adding some pretty pictures and not actually say anything?
    cole haan cheap https://www.colehaan.online

  • Comment Link Pierre Hardy online Pierre Hardy online Thursday, 14 June 2018 15:49

    Well, the article is really the sweetest on this laudable topic. I fit in with your conclusions and will thirstily look forward to your coming updates. Saying thanks will not just be adequate, for the great clarity in your writing. I will directly grab your rss feed to stay privy of any updates. Admirable work and much success in your business endeavors!
    Pierre Hardy online https://www.cheappierrehardy.cc

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